New Issue: JPMorgan prices $1.21 million capped buffered return enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 30 - JPMorgan Chase & Co. priced $1.21 million of 0% capped buffered return enhanced notes due May 29, 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 150% of any gain in the index, subject to a maximum return of 15%. Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it declines 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:	$1,209,000
Maturity:	May 29, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain in index, subject to maximum return of 15%; par if index declines by up to 10%; 1% loss for every 1% that index declines beyond 10%
Initial index level:	1,660.06
Pricing date:	May 28
Settlement date:	May 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.027%
Cusip:	48126D3K3

© 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.