Published on 7/28/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.91 million capped return enhanced notes on JPX-Nikkei
By Marisa Wong
Madison, Wis., July 28 – JPMorgan Chase & Co. priced $1.91 million of 0% capped return enhanced notes due Aug. 10, 2016 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 14.79%.
Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying index: | JPX-Nikkei Index 400
|
| Amount: | $1,905,000
|
| Maturity: | Aug. 10, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain in the index, capped at 14.79%; exposure to losses
|
| Initial level: | 14,929.07
|
| Pricing date: | July 24
|
| Settlement date: | July 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125UB27
|
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