By Jennifer Chiou
New York, Dec. 16 - JPMorgan Chase & Co. priced $2.86 million of 0% capped index knock-out notes due April 17, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than 30% during the life of the notes.
If a knock-out event occurs, the payout at maturity will be par plus the index return, which could be positive or negative.
If a knock-out event does not occur, the payout will be par plus the greater of the index return and 14%.
In either case, the payout is subject to a maximum return of 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped index knock-out notes
|
| Underlying | : | Russell 2000
|
| Amount: | $2,855,000
|
| Maturity: | April 17, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by more than 30% during life of notes, par plus index return with exposure to losses; otherwise, par plus greater of index return and 14%; return capped at 20% in each case
|
| Initial index level: | 771.66
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.85%, including 0.05% for selling concessions
|
| Cusip: | 48124A5Q6
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
