Published on 2/26/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $553,000 capped return enhanced notes on S&P GSCI Brent Crude Oil
By Jennifer Chiou
New York, Feb. 26 – JPMorgan Chase & Co. priced $553,000 of 0% capped return enhanced notes due Aug. 30, 2016 linked to the S&P GSCI Brent Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, subject to a maximum return of 49.5%. Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying index: | S&P GSCI Brent Crude Oil Index Excess Return
|
| Amount: | $553,000
|
| Maturity: | Aug. 30, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any gain in the index, subject to maximum return of 49.5%; exposure to losses
|
| Initial level: | 457.6899
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48125UCF7
|
|
|
© 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.
