Published on 7/23/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $19.93 million contingent buffer enhanced notes on MSCI EAFE
By Susanna Moon
Chicago, July 23 - JPMorgan Chase & Co. priced $19.93 million of 0% capped contingent buffered return enhanced notes due Aug. 6, 2014 linked to MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 16.7%.
Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index finishes below the 90% trigger level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped contingent buffered return enhanced notes
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Underlying index: | MSCI EAFE
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Amount: | $19,929,000
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Maturity: | Aug. 6, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 16.7%; par if index falls by up to 10% and full exposure to any losses if index drops below trigger level
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Initial level: | 1,733.47
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Trigger level: | 90% of initial level
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Pricing date: | July 19
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Settlement date: | July 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48126NKA4
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