By Susanna Moon
Chicago, Jan. 20 – JPMorgan Chase & Co. priced $2.95 million of 0% capped enhanced participation equity notes due July 20, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes above the 105% upside threshold level, the payout at maturity will be par plus triple the gain, up to a maximum settlement amount of $1,465 for each $1,000 principal amount.
If the index gains by up to the upside threshold, the payout will be par.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped enhanced participation equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2.95 million
|
| Maturity: | July 20, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above the 105% upside threshold level, par plus 300% of the gain, capped at 46.5% return; par if the index gains by up to the upside threshold; otherwise, exposure to any losses
|
| Initial level: | 2,952.48
|
| Upside threshold level: | 105% of initial level
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.67%
|
| Cusip: | 48128GJE1
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
