Published on 4/28/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $900,000 capped return enhanced notes on Hang Seng China
By Marisa Wong
Madison, Wis., April 28 – JPMorgan Chase & Co. priced $900,000 of 0% capped return enhanced notes due July 29, 2015 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 20.5%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped return enhanced notes
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Underlying index: | Hang Seng China Enterprises index
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Amount: | $900,000
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Maturity: | July 29, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any gain in the index, up to a maximum return of 20.5%; investors will be exposed to any losses
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Initial index level: | 14,488.99
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Pricing date: | April 24
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Settlement date: | April 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48125UNZ1
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