New Issue: JPMorgan prices $500,000 buffered return enhanced notes on S&P, Russell

By Susanna Moon

Chicago, March 1 – JPMorgan Chase & Co. priced $500,000 of 0% capped buffered return enhanced notes due March 1, 2018 linked to a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 75% weight and the Russell 2000 index with a 25% weight.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 17%.

Investors will receive par if the basket falls by up to 15% and will be exposed to any decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying basket:	S&P 500 index (75% weight), Russell 2000 index (25% weight)
Amount:	$500,000
Maturity:	March 1, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.5 times any basket gain, capped at 17%; par if basket declines by 15% or less; exposure to losses beyond 15%
Initial levels:	1,951.70 for S&P, 1,031.576 for Russell
Pricing date:	Feb. 25
Settlement date:	March 1
Agents:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48128GPH7

© 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.