New Issue: JPMorgan prices $1.92 million capped buffered return enhanced notes on Russell 2000

By Jennifer Chiou

New York, Sept. 30 – JPMorgan Chase & Co. priced $1,917,000 of 0% capped buffered return enhanced notes due Sept. 30, 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 1.75 times any gain in the index, up to a maximum return of 19%.

Investors will receive par for losses up to 10% and will be exposed to any losses 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:	$1,917,000
Maturity:	Sept. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 175% of any gain in the index, capped at 19%; par for losses up to 10%; exposure to any losses beyond 10%
Initial level:	1,110.242
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	J.P. Morgan Securities LLC
Fees:	0.1941%
Cusip:	48127DYJ1

© 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.