Published on 8/19/2011 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $383,000 capped notes linked to SPDR Gold Trust
By Susanna Moon
Chicago, Aug. 19 - JPMorgan Chase & Co. priced $383,000 of 0% capped notes due Aug. 14, 2015 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of $1,400 per $1,000 principal amount.
If the fund falls, the payout will be the greater of the fund return and 90% of par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped notes
|
| Underlying asset: | SPDR Gold Trust
|
| Amount: | $383,000
|
| Maturity: | Aug. 14, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain, capped at 40%; floor of 90% of par
|
| Initial price: | $170.67
|
| Pricing date: | Aug. 18
|
| Settlement date: | Aug. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.175%, including 0.675% for selling concessions
|
| Cusip: | 48125XP59
|
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