New Issue: JPMorgan prices $8.16 million capped buffered enhanced participation notes on S&P 500

By Toni Weeks

San Luis Obispo, Calif., July 16 - JPMorgan Chase & Co. priced $8.16 million of 0% capped buffered enhanced participation equity notes due Feb. 18, 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 140% of the index return, subject to a maximum settlement amount of $1,161 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered enhanced participation equity notes
Underlying index:	S&P 500
Amount:	$8,162,000
Maturity:	Feb. 18, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of index return, subject to maximum settlement amount of $1,161 per $1,000 principal amount; par for index decline of up to 10%; 1.1111% loss for every 1% index decline beyond 10%
Initial level:	1,680.19
Trade date:	July 12
Settlement date:	July 19
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48126NJM0

© 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.