New Issue: JPMorgan prices $2.72 million trigger PLUS linked to WisdomTree India

By Susanna Moon

Chicago, June 4 – JPMorgan Chase & Co. priced $2.72 million of 0% trigger Performance Leveraged Upside Securities due June 5, 2018 linked to the WisdomTree India Earnings fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above the initial level, the payout at maturity will be par of $10 plus 200% of the return, up to a maximum return of 40%.

If the fund falls by up to the 85% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	JPMorgan Chase & Co.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying fund:	WisdomTree India Earnings fund
Amount:	$2,716,450
Maturity:	June 5, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund gains, par plus 200% of return, capped at 40%; if fund falls by up to trigger level, par; otherwise, full exposure to any losses
Initial level:	$22.12
Trigger level:	$18.802, 85% of initial level
Pricing date:	May 29
Settlement date:	June 3
Agent:	J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC handling distribution
Fees:	2.5%
Cusip:	48127T137

© 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.