Published on 5/30/2012 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.99 million notes tied to JPMorgan ETF Efficiente 5
By Susanna Moon
Chicago, May 30 - JPMorgan Chase & Co. priced $1.99 million of 0% notes due Aug. 31, 2016 linked to the JPMorgan ETF Efficiente 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.15 times any index gain.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | JPMorgan ETF Efficiente 5 index
|
| Amount: | $1,988,000
|
| Maturity: | Aug. 31, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 115% of gain, floor of par
|
| Initial index level: | 111.06
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 3% for UBS and 2% for J.P. Morgan Securities
|
| Cusip: | 48125VYQ7
|
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