Published on 11/19/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $8 million capped return enhanced notes linked to Ford
By Susanna Moon
Chicago, Nov. 19 – JPMorgan Chase & Co. priced $8.01 million of 0% capped return enhanced notes due Dec. 2, 2015 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in Ford shares, up to a maximum return of 39.1%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Capped return enhanced notes
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| Underlying stock: | Ford Motor Co. (Symbol: F)
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| Amount: | $8,009,000
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| Maturity: | Dec. 2, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any gain in Ford shares, capped at 39.1%; exposure to any losses
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| Initial price: | $15.14
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| Pricing date: | Nov. 14
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| Settlement date: | Nov. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48127DV96
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