By Angela McDaniels
Tacoma, Wash., Oct. 5 – JPMorgan Chase & Co. priced $3.44 million of 0% trigger performance securities due Sept. 28, 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 of $10 plus 108.5% of the index return.
If the index return is zero or negative and the index’s final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger performance securities
|
| Underlying index: | S&P 500
|
| Amount: | $3.44 million
|
| Maturity: | Sept. 28, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 108.5% of index return; if index return is zero or negative and index’s final level is greater than or equal to trigger level, par; if final level is less than trigger level, full exposure to decline in index from its initial level
|
| Initial index level: | 1,931.34
|
| Trigger level: | 1,448.51, 75% of initial level
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48127V132
|
© 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.
