New Issue: JPMorgan prices $8.72 million PLUS linked to S&P 500 index

By Toni Weeks

San Diego, May 30 - JPMorgan Chase & Co. priced $8.72 million of 0% Performance Leveraged Upside Securities due Nov. 30, 2012 linked to the S&P 500 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 payment of $10.965 per $10 principal amount.

Investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as distributor.

Issuer:	JPMorgan Chase & Co.
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$8,723,800
Maturity:	Nov. 30, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any gain in the index, up to a maximum payment of $10.965 per $10 principal amount; full exposure to any losses
Initial level:	1,317.82
Pricing date:	May 25
Settlement date:	May 31
Agent:	J.P. Morgan Securities LLC
Distributor:	Morgan Stanley Smith Barney LLC
Fees:	1.5%
Cusip:	46637G595

© 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.