Published on 3/11/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $28.94 million enhanced participation notes linked to index basket
By Toni Weeks
San Luis Obispo, Calif., March 11 – JPMorgan Chase & Co. priced $28.94 million of 0% enhanced participation notes due Sept. 14, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 1.41 times the basket return. Investors will share in any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Enhanced participation notes
|
Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
Amount: | $28,936,000
|
Maturity: | Sept. 14, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus 1.41 times the basket return; exposure to losses
|
Initial index levels: | 3,610.28 for Euro Stoxx 50; 6,876.47 for FTSE 100; 1,531.76 for Topix; 9,046.88 for Swiss Market; 5,821.35 for S&P/ASX 200
|
Pricing date: | March 9
|
Settlement date: | March 16
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.54%
|
Cusip: | 48125UHP0
|
© 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.