Published on 7/30/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.67 million dual directional contingent buffered notes on S&P 500
By Susanna Moon
Chicago, July 30 – JPMorgan Chase & Co. priced $1.67 million of 0% capped dual directional contingent buffered return enhanced notes due July 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial index level, the payout at maturity will be par plus 1.1 times the gain, up to a maximum return of 50%.
If the index falls by up to the 70% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Capped dual directional contingent buffered return enhanced notes
|
Underlying index: | S&P 500
|
Amount: | $1,668,000
|
Maturity: | July 31, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 1.1 times index return, capped at 50%; if index falls by up to 30%, par plus absolute value of return; otherwise, full exposure to any losses
|
Initial index level: | 2,093.25
|
Trigger level: | 70% of initial level
|
Pricing date: | July 28
|
Settlement date: | July 31
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.56859%
|
Cusip: | 48125UYP1
|
|
|
© 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.