Published on 6/21/2012 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.12 million 9.5% callable yield notes on two indexes
By Susanna Moon
Chicago, June 21 - JPMorgan Chase & Co. priced $2.12 million of 9.5% single observation callable yield notes due June 26, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless either underlying index finishes below the 75% trigger level, in which case the payout will be par plus the return of the worst-performing index.
The notes are callable at par on any interest payment date other than at maturity.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Single observation callable yield notes
|
Underlying indexes: | S&P 500 and Russell 2000
|
Amount: | $2,118,000
|
Maturity: | June 26, 2013
|
Coupon: | 9.5%, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par unless either index finishes below trigger level, in which case par plus return of the worst-performing index
|
Call option: | At par on any interest payment date other than at maturity
|
Initial index levels: | 1,357.98 for S&P and 786.43 for Russell
|
Buffer levels: | 339.495 for S&P and 196.6075 for Russell, 25% of initial levels
|
Pricing date: | June 19
|
Settlement date: | June 26
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.412%, including 1.5% for selling concessions
|
Cusip: | 48125VG61
|
© 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.