By Toni Weeks
San Diego, July 28 - JPMorgan Chase & Co. priced $147,000 of 0% buffered return enhanced notes due July 31, 2014 linked to an unequally weighted basket containing one index and two funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 60% weight, the MSCI Emerging Markets Index fund with a 15% weight and the MSCI EAFE Index fund with a 25% weight.
The payout at maturity will be par plus 1.03 times any gain in the basket.
Investors will receive par if the basket declines by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC will be the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying components: S&P 500 index with a 60% weight, MSCI Emerging Markets Index fund with a 15% weight and the iShares MSCI EAFE Index fund with a 25% weight
|
| Amount: | $147,000
|
| Maturity: | July 31, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.03 times any gain in the basket; par if basket declines by up to 10%; exposure to losses beyond 10%
|
| Initial price: | $71.75
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Agent: | JPMorgan Securities LLC
|
| Fees: | 1.567%, including 0.25% for selling concessions
|
| Cusip: | 48125XXK7
|
© 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.
