New Issue: JPMorgan prices $3.09 million capped buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 10 – JPMorgan Chase & Co. priced $3.09 million of 0% capped buffered notes due Sept. 7, 2018 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 the index return, subject to a 31.75% maximum return. Investors will receive par if the index falls by 22.5% or less and will lose 1% for each 1% that it declines beyond 22.5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered notes
Underlying index:	S&P 500
Amount:	$3,091,000
Maturity:	Sept. 7, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 31.75%; par if index declines by 22.5% or less; 1% loss for every 1% that index declines beyond 22.5%
Initial index level:	1,921.22
Pricing date:	Sept. 4
Settlement date:	Sept. 10
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48125U3M2

© 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.