Published on 5/30/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.11 million capped return enhanced notes linked to Russell
By Angela McDaniels
Tacoma, Wash., May 30 - JPMorgan Chase & Co. priced $1.11 million of 0% capped return enhanced notes due Nov. 28, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any gain in the index, subject to a maximum return of 21.5%. Investors will be exposed to any index decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1,112,000
|
| Maturity: | Nov. 28, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain in index, subject to maximum return of 21.5%; exposure to any index decline
|
| Initial index level: | 997.35
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48126NAM9
|
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