Published on 2/27/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $372,000 capped buffered return enhanced notes on Russell 2000
By Susanna Moon
Chicago, Feb. 27 - JPMorgan Chase & Co. priced $372,000 of 0% capped buffered return enhanced notes due Feb. 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 17%.
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: | Capped buffered return enhanced notes
|
| Underlying index: | Russell 2000
|
| Amount: | $372,000
|
| Maturity: | Feb. 29, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain in the index, capped at 17%; par if index declines by up to 10%; exposure to losses beyond 10%
|
| Initial level: | 1,173.9464
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.338%
|
| Cusip: | 48126N2T3
|
© 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.
