By Jennifer Chiou
New York, Nov. 1 - JPMorgan Chase & Co. priced $8.29 million of 0% buffered return enhanced notes due Nov. 15, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, subject to a maximum return of 17%.
Investors will receive par for losses up to 10% and will share in losses at a rate of 1.1111% per 1% decline beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $8.29 million
|
| Maturity: | Nov. 15, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain in the index, subject to maximum return of 17%; par for losses up to 10%; investors share in losses at a rate of 1.1111% per 1% decline beyond the buffer
|
| Initial level: | 1,285.08
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125VAC4
|
© 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.
