Published on 5/11/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $129,000 basket-linked notes tied to five indexes
By Marisa Wong
Madison, Wis., May 11 – JPMorgan Chase & Co. priced $129,000 of 0% notes due July 12, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
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 an 8% weight.
The payout at maturity will be par plus any basket gain.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the underwriter.
Issuer: | JPMorgan Chase & Co.
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Issue: | Basket-linked notes
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Underlying basket: | Euro Stoxx 50 (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $129,000
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Maturity: | July 12, 2016
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Coupon: | 0%
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Price: | 97.48
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Payout at maturity: | Par plus any basket gain; full exposure to losses
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Initial index levels: | 3,556.21 for Euro Stoxx, 6,886.95 for FTSE, 1,574.64 for Topix, 8,873.55 for Swiss Market and 5,645.690 for S&P/ASX
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Pricing date: | May 7
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Settlement date: | May 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48125UQU9
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