Published on 2/16/2012 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4 million return enhanced notes on Research In Motion
By Toni Weeks
San Diego, Feb. 16 - JPMorgan Chase & Co. priced $4 million of 0% return enhanced notes due May 17, 2012 linked to the common shares of Research In Motion Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the share price, up to a maximum return of 33.6%. Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return enhanced notes
|
| Underlying stock: | Research In Motion Ltd. (Nasdaq: RIMM)
|
| Amount: | $4 million
|
| Maturity: | May 17, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in the share price, capped at 33.6%; full exposure to any losses
|
| Initial price: | $14.80
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48125VNG1
|
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