By Toni Weeks
San Diego, Dec. 27 - JPMorgan Chase & Co. priced $1.05 million of 0% capped buffered return enhanced notes due June 30, 2014 linked to the Russell 2000 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, subject to a maximum return of 17%.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Capped buffered return enhanced notes
|
Underlying index: | Russell 2000
|
Amount: | $1.05 million
|
Maturity: | June 30, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus double any gain in the index, subject to maximum return of 17%; par if index declines by up to 10%; exposure to losses beyond 10%
|
Initial level: | 847.92
|
Pricing date: | Dec. 21
|
Settlement date: | Dec. 31
|
Agent: | JPMorgan Securities LLC
|
Fees: | 0.9%, including 0.25% for selling concessions
|
Cusip: | 48126DJQ3
|
© 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.