Published on 3/24/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.35 million capped enhanced participation notes on MSCI EAFE
By Devika Patel
Knoxville, Tenn., March 24 – JPMorgan Chase & Co. priced $3.35 million of 0% capped enhanced participation equity notes due April 27, 2017 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,195 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped enhanced participation equity notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $3,345,000
|
| Maturity: | April 27, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, capped at $1,195; exposure to any losses
|
| Initial index level: | 1,654.79
|
| Pricing date: | March 22
|
| Settlement date: | March 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.07%
|
| Cusip: | 48128GRL6
|
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