Published on 8/30/2011 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.76 million global expansion PLUS linked to indexes, ETFs
By Angela McDaniels
Tacoma, Wash., Aug. 30 - JPMorgan Chase & Co. priced $2.76 million of 0% global expansion Performance Leveraged Upside Securities due Oct. 1, 2012 linked to a basket of two indexes and five exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index, the Russell 2000 index, the iShares MSCI EAFE index fund, the iShares MSCI Emerging Markets index fund, the iShares Dow Jones U.S. Real Estate index fund, the Technology Select Sector SPDR fund and the PowerShares DB Commodity Index Tracking fund. The S&P 500 has a 40% weight, and the each of the remaining basket components has a 10% weight.
The payout at maturity will be par of $10 plus triple any gain in the basket, up to a maximum return of 17.5%. Investors will be exposed to any decline in the basket.
J.P. Morgan Securities LLC is the agent. It used all of its commission to allow selling concessions to Morgan Stanley Smith Barney LLC.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Global expansion Performance Leveraged Upside Securities
|
| Underlying basket: | S&P 500 index (40% weight), Russell 2000 index (10% weight), iShares MSCI EAFE index fund (10% weight), iShares MSCI Emerging Markets index fund (10% weight), iShares Dow Jones U.S. Real Estate index fund (10% weight), Technology Select Sector SPDR fund (10% weight) and PowerShares DB Commodity Index Tracking fund | (10% weight)
|
| Amount: | $2,760,050
|
| Maturity: | Oct. 1, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any basket gain, up to maximum return of 17.5%; exposure to any basket decline
|
| Initial levels: | 1,176.8 for S&P 500; 691.79 for Russell 2000; $51.69 for MSCI EAFE; $40.52 for MSCI Emerging Markets; $54.64 for real estate; $23.80 for technology; $29.61 for PowerShares DB Commodity
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%, all of which used for selling concessions
|
| Cusip: | 46636T770
|
© 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.
