New Issue: JPMorgan sells $5.4 million PLUS on WisdomTree Japan Hedged Equity fund

By Marisa Wong

Madison, Wis., Sept. 23 – JPMorgan Chase & Co. priced $5.4 million of 0% Performance Leveraged Upside Securities due Dec. 24, 2015 linked to the WisdomTree Japan Hedged Equity fund, according to an FWP with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10.00 plus 200% of the return, subject to a maximum payment of $11.49 per note.

If the fund return is negative, investors will have one-to-one exposure to the ETF’s decline.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	JPMorgan Chase & Co.
Issue:	Performance Leveraged Upside Securities
Underlying fund:	WisdomTree Japan Hedged Equity fund
Amount:	$5,403,000
Maturity:	Dec. 24, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is positive, par plus 200% of return, capped at $11.49 per note; if fund return is negative, one-to-one exposure to ETF’s decline
Initial price:	$52.24
Pricing date:	Sept. 19
Settlement date:	Sept. 24
Agent:	J.P. Morgan Securities LLC with distribution through Morgan Stanley Wealth Management
Fees:	2.25% (including 1.75% for selling concessions)
Cusip:	48127H737

© 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.