Published on 4/6/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.64 million PLUS linked to Stoxx Europe Small 200
By Angela McDaniels
Tacoma, Wash., April 6 – JPMorgan Chase & Co. priced $6.64 million of 0% Performance Leveraged Upside Securities due April 4, 2019 linked to the Stoxx Europe Small 200 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 210% of any gain in the index, up to a maximum return of 65%. Investors will be fully exposed to any decline in the index.
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 index: | Stoxx Europe Small 200
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Amount: | $6,640,900
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Maturity: | April 4, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 210% of any index gain, capped at 65%; full exposure to losses
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Initial index level: | 268.1
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Pricing date: | March 31
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Settlement date: | April 7
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Agent: | J.P. Morgan Securities LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 48127T699
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