Published on 4/19/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.65 million 0% capped buffered return enhanced notes linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., April 19 - JPMorgan Chase & Co. priced $6.65 million of 0% capped buffered return enhanced notes due April 22, 2015 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 20%.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $6,647,000
|
| Maturity: | April 22, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in the index, subject to maximum return of 20%; par if index declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
|
| Initial level: | 1,552.01
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.2%, including 0.1% for selling concessions
|
| Cusip: | 48126DY94
|
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