Published on 8/24/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $8.21 million capped buffered enhanced notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 21 – JPMorgan Chase & Co. priced $8.21 million of 0% capped buffered enhanced participation equity notes due Dec. 23, 2016 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 1.3 times any index gain, up to a maximum settlement amount of $1,148.20 per $1,000 principal amount of notes.
Investors will receive par if the index falls by 10% or less and will lose 1.1111% for each 1% decline beyond 10%.
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: | $8,213,000
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Maturity: | Dec. 23, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain, capped at 14.82%; par if index falls by 10% or less; 1.1111% loss per 1% drop beyond 10%
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Initial index level: | 2,035.73
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Pricing date: | Aug. 20
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Settlement date: | Aug. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48125UM33
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