Published on 8/16/2012 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $14.27 million capped leveraged buffered notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 16 - JPMorgan Chase & Co. priced $14.27 million of 0% capped leveraged buffered index-linked notes due Nov. 19, 2013 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 triple any index gain, up to a maximum settlement amount of $1,120 per $1,000 principal amount.
Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $14,266,000
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Maturity: | Nov. 19, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 112% of par; par if index declines by 10% or less; 1.1111% loss for every 1% drop beyond 10%
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Initial index level: | 1,403.93
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Pricing date: | Aug. 14
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Settlement date: | Aug. 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48125V2Z2
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