New Issue: JPMorgan prices $57,000 dual directional contingent buffered notes on Russell 2000

By Marisa Wong

Madison, Wis., April 1 – JPMorgan Chase & Co. priced $57,000 of 0% capped dual directional contingent buffered return enhanced notes due March 29, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus double the index return, up to a maximum return of 35%.

If the index falls by up to 35%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped dual directional contingent buffered return enhanced notes
Underlying index:	Russell 2000
Amount:	$57,000
Maturity:	March 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 2 times index return, capped at 35%; if index falls by up to 35%, par plus absolute value of index return; otherwise, full exposure to any losses
Initial level:	1,231.990
Contingent buffer:	35%
Pricing date:	March 26
Settlement date:	March 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	48125UHD7

© 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.