Published on 9/17/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.69 million PLUS linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Sept. 17 – JPMorgan Chase & Co. priced $1.69 million of 0% Performance Leveraged Upside Securities due Dec. 20, 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 of $10 plus triple any gain in the index, up to a maximum return of 17.3%. Investors will be fully exposed to any decline in the index.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | Russell 2000
|
Amount: | $1,685,300
|
| Maturity: | Dec. 20, 2016
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any index gain, capped at 17.3%; full exposure to any losses
|
Initial index level: | 1,165.995
|
Pricing date: | Sept. 15
|
Settlement date: | Sept. 18
|
Agent: | J.P. Morgan Securities LLC
|
Distribution: | Morgan Stanley Smith Barney LLC
|
Fees: | 2.25%
|
Cusip: | 48127V298
|
© 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.