Published on 2/18/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $950,000 digital dual directional contingent buffered notes on Stoxx
By Wendy Van Sickle
Columbus, Ohio, Feb. 18 – JPMorgan Chase & Co. priced $950,000 of 0% digital dual directional contingent buffered notes due March 1, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 85% barrier level, the payout at maturity will be par plus the 12.65% contingent digital return.
If the index falls more than the 15% contingent buffer, investors will be fully exposed to the loss.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Digital dual directional contingent buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $950,000
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Maturity: | March 1, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 15%, par plus 12.65%; otherwise full exposure to the loss
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Initial level: | 2,756.16
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Contingent buffer: | 15%
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Pricing date: | Feb. 12
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Settlement date: | Feb. 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48128GNH9
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