Published on 5/18/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $150,000 more capped buffered notes on index basket
By Marisa Wong
Madison, Wis., May 18 – JPMorgan Chase & Co. priced $150,000 of reopened 0% capped buffered return enhanced notes due Nov. 6, 2017 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total issue size to $7,558,000. JPMorgan priced the original $7,408,000 of notes on May 1.
The basket consists of the Euro Stoxx 50 index with a 34.8% weight, the S&P 500 index with a 30% weight, the FTSE 100 index with a 12.6% weight, the Topix index with a 12.6% weight and the Russell 2000 index with a 10% weight.
The payout at maturity will be par plus 1.5 times any basket gain, subject to a maximum return of 27.5%.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
|
| Underlying indexes: | Euro Stoxx 50 index (34.8% weight), S&P 500 index (30% weight), FTSE 100 index (12.6% weight), Topix index (12.6% weight) and Russell 2000 index (10% weight)
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| Amount: | $7,558,000 (increased from $7,408,000)
|
| Maturity: | Nov. 6, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, return capped at 27.5%; par if the basket falls by up to 15%; 1.1765% loss for every 1% decline beyond the 15% buffer
|
| Initial index levels: | 2,108.29 for S&P, 6,985.95 for FTSE, 1,585.61 for Topix, 1,228.105 for Russell, 3,632.94 for Euro Stoxx
|
| Pricing date: | May 1 for $7,408,000, May 14 for $150,000
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| Settlement date: | May 6 for $7,408,000, May 19 for $150,000
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.77968% for original notes, 0.7% for reopened notes
|
| Cusip: | 48125UPT3
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