Published on 4/2/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $15.48 million PLUS linked to WisdomTree Japan
By Angela McDaniels
Tacoma, Wash., April 2 – JPMorgan Chase & Co. priced $15.48 million of 0% Performance Leveraged Upside Securities due July 6, 2016 linked to the WisdomTree Japan Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the fund, up to a maximum return of 16%. Investors will be fully exposed to any decline in the fund.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase & Co.
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Issue: | Performance Leveraged Upside Securities
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Underlying fund: WisdomTree Japan Hedged Equity Fund
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Amount: | $15,478,340
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| Maturity: | July 6, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any fund gain, capped at 16%; full exposure to losses
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Initial share priced: | 55.12
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Pricing date: | March 31
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Settlement date: | April 6
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Agent: | J.P. Morgan Securities LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 48127R149
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