Published on 9/17/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $10.92 million leveraged notes linked to MSCI Spain companies
By Susanna Moon
Chicago, Sept. 17 – JPMorgan Chase & Co. priced $10.92 million of 0% leveraged notes due March 15, 2017 linked to the common shares of the 25 Spanish companies included in the MSCI Spain 25/50 index, according to a 424B2 filing with the Securities and Exchange Commission.
As previously announced, the basket consists of the 25 underlying companies in the MSCI Spain 25/50 index: Abertis Infraestructuras SA, ACS Actividades de Construccion y Servicios SA, Aena SA, Amadeus IT Holding SA, Banco Bilbao Vizcaya Argenta, Banco De Sabadell SA, Banco Popular Espanol, Banco Santander SA, Bankia SA, Bankinter, SA, Caixabank SA, Distribuidora Internacional de Alimentacion SA, Enagas SA, Endesa SA, Ferrovial SA, Gas Natural SDG SA, Grifols SA, Iberdrola SA, Inditex, International Consolidated Airlines Group SA, Mapfre SA, Red Electrica Corporacion SA, Repsol SA, Telefonica SA, Zardoya Otis SA.
The payout at maturity will be par plus 1.14 times any basket gain.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Leveraged notes
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| Underlying basket: | MSCI Spain 25/50 index companies: Abertis Infraestructuras SA, ACS Actividades de Construccion y Servicios SA, Aena SA, Amadeus IT Holding SA, Banco Bilbao Vizcaya Argenta, Banco De Sabadell SA, Banco Popular Espanol, Banco Santander SA, Bankia SA, Bankinter, SA, Caixabank SA, Distribuidora Internacional de Alimentacion SA, Enagas SA, Endesa SA, Ferrovial SA, Gas Natural SDG SA, Grifols SA, Iberdrola SA, Inditex, International Consolidated Airlines Group SA, Mapfre SA, Red Electrica Corporacion SA, Repsol SA, Telefonica SA, Zardoya Otis SA
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| Amount: | $10,924,000
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| Maturity: | March 15, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 114% of any basket gain; exposure to any losses
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| Pricing date: | Sept. 11
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| Settlement date: | Sept. 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.49%
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| Cusip: | 48125U3L4
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