Published on 5/29/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.4 million capped return enhanced notes on S&P 500
By Jennifer Chiou
New York, May 29 - JPMorgan Chase & Co. priced $1,397,000 of 0% capped return enhanced notes due June 10, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 13.8%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,397,000
|
| Maturity: | June 10, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in the index, capped at 13.8%; exposure to any losses
|
| Initial level: | 1,900.53
|
| Pricing date: | May 23
|
| Settlement date: | May 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48127DJS8
|
© 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.
