E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/2/2011 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $611,000 more buffered return enhanced notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Feb. 2 - JPMorgan Chase & Co. reopened its 0% buffered return enhanced notes due July 31, 2012 linked to the Russell 2000 index to price $611,000 of additional notes, according to a 424B2 filing with the Securities and Exchange Commission.

The original $1.69 million of notes priced Jan. 26. The total issue size is now $2.3 million.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 20%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase & Co.
Issue:Buffered return enhanced notes
Underlying index:Russell 2000
Amount:$2.3 million, increased from $1,689,000
Maturity:July 31, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any index gain, capped at 20%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial price:793.72
Pricing dates:Jan. 26 for $1,689,000; Feb. 1 for $611,000
Settlement dates:Jan. 31 for original issue; Feb. 2 for add-on
Agent:J.P. Morgan Securities LLC
Fees:1.73% for original issue; 1.2% for add-on, including 0.2% for selling concessions
Cusip:48124A6N2

© 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.