Published on 8/31/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $12.91 million return optimization notes on Russell 2000
By Marisa Wong
Morgantown, W.Va., Aug. 31 – JPMorgan Chase & Co. priced $12.91 million 0% return optimization securities due Sept. 30, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, up to a maximum return of 16.56%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $12,909,020
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| Maturity: | Sept. 30, 2016
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain in the index, capped at 16.56%; exposure to any losses
|
| Initial level: | 1,132.188
|
| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 48127V652
|
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