Published on 4/15/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.23 million capped buffered enhanced notes on indexes
By Marisa Wong
Morgantown, W.Va., April 15 – JPMorgan Chase & Co. priced $3.23 million of 0% capped buffered enhanced participation notes due April 18, 2018 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 an 8% weight.
The payout at maturity will be par plus 1.5 times any gain in the basket, up to a maximum payout of $1,316.50 for every $1,000 of notes.
Investors will receive par if the basket falls by up to 15% and will lose 1.17647% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Capped 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: | $3,233,000
|
Maturity: | April 18, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any basket gain, capped at $1,316.50 per $1,000 of notes; par if basket falls by up to 15%; 1.17647% loss per 1% drop beyond 15%
|
Initial levels: | 3,039.19 for Euro Stoxx 50, 6,362.89 for FTSE 100, 1,332.44 for Topix, 7,934.46 for Swiss Market and 5,054.655 for S&P/ASX 200
|
Buffer level: | 85% of initial level
|
Pricing date: | April 13
|
Settlement date: | April 20
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | None
|
Cusip: | 48128GVU1
|
|
© 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.