By Susanna Moon
Chicago, Dec. 11 – JPMorgan Chase & Co. priced $2.23 million of 0% capped buffered enhanced participation notes due Dec. 13, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with a 8% weight)
The payout at maturity will be par plus 1.5 times any gain in the basket, up to a maximum return of 17.475%.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation notes
|
| Underlying basket: | Euro Stoxx 50 index (37% weight), the FTSE 100 index (23% weight), the Topix index (23% weight), the Swiss Market index (9% weight) and the S&P/ASX 200 index (8% weight)
|
| Amount: | $2.23 million
|
| Maturity: | Dec. 13, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain, capped at 17.475%; par if basket falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48127DZ27
|
|
|
|
|
© 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.
