By Susanna Moon
Chicago, Jan. 21 – JPMorgan Chase & Co. priced $2.75 million of 0% relative value notes due Feb. 3, 2016 linked to the capped upside return of a basket of indexes and the downside return of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The equally weighted basket consists of the Financial Select Sector index, the Health Care Select Sector index and the Consumer Discretionary Select Sector index.
The payout at maturity will be par plus 1.14 times any basket gain, up to a maximum return of 22.8%.
Investors will be exposed to any losses of S&P 500 index.
J.P. Morgan Securities LLC is the underwriter.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Relative value notes
|
| Underlying basket: | Financial Select Sector index, the Health Care Select Sector index and the Consumer Discretionary Select Sector index, equally weighted
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,745,000
|
| Maturity: | Feb. 3, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.14 times any basket gain, capped at 22.8%; exposure to any losses of S&P 500 index
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48127D6C7
|
|
|
|
|
|
|
© 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.
