E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/30/2014 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $7.23 million return optimization notes on Euro Stoxx 50

By Jennifer Chiou

New York, June 30 – JPMorgan Chase & Co. priced $7,233,390 of 0% return optimization securities due July 31, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 15.01%.

If the index return is negative, investors will be fully exposed to the decline from the initial level.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the underwriters.

Issuer:JPMorgan Chase & Co.
Issue:Return optimization securities
Underlying index:Euro Stoxx 50
Amount:$7,233,390
Maturity:July 31, 2015
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any index gain, subject to a maximum return of 15.01%; full exposure to any decline in the index
Initial level:3,233.19
Pricing date:June 26
Settlement date:June 30
Underwriters:J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:2%
Cusip:48127E189

© 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.