Published on 10/2/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $109,000 digital notes with buffer tied to Russell 2000
By Susanna Moon
Chicago, Oct. 2 – JPMorgan Chase & Co. priced $109,000 of 0% digital notes due March 29, 2019 linked to the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the contingent digital return of 24.85%.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Digital notes
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| Underlying index: | Russell 2000
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| Amount: | $109,000
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| Maturity: | March 29, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 24.85%; par if index falls by up to 20%; exposure to any losses beyond 20%
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| Initial level: | 1,122.789
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48125U3V2
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