Published on 7/30/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.74 million buffered return enhanced notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., July 30 – JPMorgan Chase & Co. priced $1.74 million of 0% capped buffered return enhanced notes due July 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.75 times the index return, up to a maximum return of 17.5%. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying stock: | Russell 2000
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Amount: | $1,742,000
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Maturity: | July 29, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.75 times any index gain, capped at 17.5%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial index level: | 1,139.502
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.21685%
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Cusip: | 48127DRH3
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