New Issue: JPMorgan prices $865,000 dual directional contingent buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 22 – JPMorgan Chase & Co. priced $865,000 of 0% capped dual directional contingent buffered return enhanced notes due March 21, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 33.5%. If the index declines by up to 20%, the payout will be par plus the absolute value of the index return. If the index declines by more than 20%, investors will lose 1% for every 1% that the final index level is less than the initial level.

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:	$865,000
Maturity:	March 21, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 1.5 times return, up to 33.5% maximum return; if index falls by up to 20%, par plus absolute value of index return; otherwise, 1% loss for every 1% that final index level is less than initial level
Initial level:	2,049.58
Pricing date:	March 18
Settlement date:	March 28
Agent:	J.P. Morgan Securities LLC
Fees:	2.35%
Cusip:	48128GPN4

© 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.