By Susanna Moon
Chicago, Aug. 11 – JPMorgan Chase & Co. priced $11.31 million of 0% buffered enhanced participation notes due Aug. 10, 2018 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 1.13 times any basket gain, up to a maximum payout of $1,182 per $1,000 principal amount of notes.
Investors will receive par if the basket falls by 10% or less and will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Buffered enhanced participation notes
|
Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
Amount: | $11.31 million
|
Maturity: | Aug. 10, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.13 times any basket gain; par if basket falls by 10% or less; 1.1111% loss for each 1% decline beyond 10%
|
Pricing date: | Aug. 7
|
Settlement date: | Aug. 14
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3%
|
Cusip: | 48125UE73
|
|
|
© 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.