By Marisa Wong
Morgantown, W.Va., Feb. 18 – JPMorgan Chase & Co. priced $4.97 million of 0% review notes due Feb. 15, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 16% per year if the fund closes at or above 80% of its initial level on any annual review date.
The payout at maturity will be par unless the fund falls by more than the contingent buffer of 50%, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $4.97 million
|
| Maturity: | Feb. 15, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF falls by more than the contingent buffer of 50%, in which case investors will be fully exposed to any losses
|
| Call: | At par plus an annualized premium of 16% if the ETF closes at or above 80% of its initial level on any annual review date
|
| Initial level: | $24.51
|
| Pricing date: | Feb. 12
|
| Settlement date: | Feb. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48128GND8
|
|
|
© 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.
