Published on 6/4/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2 million PLUS due 2014 linked to S&P 500 index
By Jennifer Chiou
New York, June 4 - JPMorgan Chase & Co. priced $2,001,400 of 0% Performance Leveraged Upside Securities due Dec. 4, 2014 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 200% of any index gain, capped at 6%.
Investors will share in any losses.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | JPMorgan Chase & Co.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $2,001,400
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Maturity: | Dec. 4, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, capped at 6%; full exposure to losses
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Initial index level: | 1,923.57
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Pricing date: | May 30
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Settlement date: | June 4
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Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as dealer
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Fees: | 0.85%
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Cusip: | 48127F277
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