By Susanna Moon
Chicago, July 25 - JPMorgan Chase & Co. priced $17.24 million of 0% capped notes due Aug. 7, 2013 linked to a weighted basket of three buffered return enhanced components, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 55% weight, the Topix index with a 23% weight and the FTSE 100 index with a 22% weight. The respective currencies are the euro, the Japanese yen and the British pound sterling.
The payout at maturity will be par plus the basket return, which will equal the sum of the weighted component returns of the basket indexes.
If an index finishes above its initial level, its component return will be double the return, up to a maximum return of 20.5% each.
If the index falls by up to 10%, its component return will be zero. Otherwise, its component return will be 1.1111 times the sum of its return plus 10%.
The maximum payout at maturity is $1,205 per $1,000 principal amount of notes.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped notes linked to weighted basket of three buffered return enhanced components
|
| Underlying components: | Euro Stoxx 50 index (55% weight), Topix index (23% weight) and FTSE 100 index (22% weight)
|
| Amount: | $17,242,000
|
| Maturity: | Aug. 7, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus sum of weighted component returns of basket indexes
|
| Component return: | If index's final level is greater than initial level, 200% of underlying return, capped at 20.5%; zero if index's level declines by up to 10%; 1.1111 times sum of index return plus 10% if index's level declines by more than 10%
|
| Initial index levels: | 2,722.38314 for Euro Stoxx; 8,835.41204 for FTSE; 9.34006 for Topix
|
| Pricing date: | July 20
|
| Settlement date: | July 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125VS92
|
© 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.
