Published on 9/1/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $749,000 dual directional contingent buffered notes on two indexes
By Marisa Wong
Morgantown, W.Va., Sept. 1 – JPMorgan Chase & Co. priced $749,000 of 0% dual directional contingent buffered equity notes due Aug. 31, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any gain of the lesser performing index.
If the lesser performing index falls by up to 30%, the payout will be par plus the absolute value of that index’s return.
If either index falls by more than 30%, investors will be fully exposed to the decline of the lesser performing index.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Dual directional contingent buffered equity notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $749,000
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Maturity: | Aug. 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times any gain of the lesser performing index; if lesser performing index falls by up to 30%, par plus the absolute value of that index’s return; if either index falls by more than 30%, investors will be fully exposed to the decline of the lesser performing index
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Initial levels: | 1,940.51 for S&P, 1,132.188 for Russell
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5217%
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Cusip: | 48125UH21
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