Published on 7/13/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.89 million buffered enhanced participation notes linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., July 13 – JPMorgan Chase & Co. priced $3.89 million of 0% capped buffered enhanced participation equity notes due Sept. 14, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 130% of the index return, subject to a maximum payout of $1,234 per $1,000 principal amount of notes. Investors will receive par if the index falls by 15% or less and will lose 1.1765% for each 1% that it declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered enhanced participation equity notes
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Underlying index: | S&P 500
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Amount: | $3,892,000
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Maturity: | Sept. 14, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.3 times any index gain, capped at maximum payout of $1,234 per $1,000 principal amount; par if index falls by up to 15%; 1.1765% loss for each 1% index decline beyond 15%
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Initial level: | 2,051.31
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Pricing date: | July 9
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Settlement date: | July 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48125UZE5
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