Published on 5/28/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $9.51 million capped enhanced participation notes linked to S&P 500
By Susanna Moon
Chicago, May 28 - JPMorgan Chase & Co. priced $9.51 million of 0% capped enhanced participation equity notes due Nov. 27, 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 triple any index gain, up to a maximum settlement amount of $1,135 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped enhanced participation equity notes
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Underlying index: | S&P 500
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Amount: | $9,512,000
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Maturity: | Nov. 27, 2015
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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 13.5%; exposure to any losses
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Initial index level: | 1,900.53
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Pricing date: | May 23
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Settlement date: | June 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48127DJL3
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