Published on 6/3/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $34.22 million PLUS due 2016 linked to Euro Stoxx 50
By Susanna Moon
Chicago, June 3 – JPMorgan Chase & Co. priced $34.22 million of 0% Performance Leveraged Upside Securities due Sept. 6, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of 17.5%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase & Co.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $34,219,210
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Maturity: | Sept. 6, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 17.5%; full exposure to losses
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Initial level: | 3,570.78
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Pricing date: | May 29
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Settlement date: | June 3
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Agent: | J.P. Morgan Securities LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 1.75%
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Cusip: | 48127T178
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