New Issue: JPMorgan prices $6 million capped knock-out notes tied to S&P 500

By Jennifer Chiou

New York, Nov. 1 - JPMorgan Chase & Co. priced $6 million of 0% capped index knock-out notes due Nov. 15, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index's closing level is less than the initial index level by more than 35.55% on any day during the life of the notes, the payout at maturity will be par plus the index return, which could be positive or negative, subject to a maximum return of 10%. Otherwise, the payout will be par plus 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped index knock-out notes
Underlying index:	S&P 500
Amount:	$5,995,000
Maturity:	Nov. 15, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls by more than 35.55% during life of notes, par plus lesser of index return and 10%; otherwise, par plus 10%
Initial index level:	1,285.09
Pricing date:	Oct. 28
Settlement date:	Nov. 2
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48125VAB6

© 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.