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Alerian  MLP Index Exchange Traded Notes ("ETNs") provide investors a way to gain exposure to midstream energy MLPs. The ETNs pay a variable quarterly coupon linked to the cash distributions paid on the MLPs in the index, less accrued tracking fees1. The ETN coupons are reported on Form 1099s and therefore eliminate the administrative burden associated with K-1 forms. Investors can trade the ETNs on the NYSE, Arca exchange or receive a cash payment at the scheduled maturity or upon early repurchase2, based on the performance of the index less accrued tracking fees and, if applicable, the repurchase fee. The ETNs are senior, unsecured obligations of JPMorgan Chase & Co.

ETN Size Limitation

The ETNs are subject to a maximum issuance limitation of 129,000,000 ETNs, which may cause the ETNs to trade at a premium relative to the indicative note value.  Investors that pay a premium for the ETNs could incur significant losses if that investor sells its ETNs at a time when some or all of the premium is no longer present. We issued the remaining 11,050,000 ETNs authorized for issuance on June 19, 2012.

ETN Detail

  • Ticker AMJ
  • Underlying Index Alerian MLP Index
  • Underlying Index Ticker AMZ
  • Issuer JPMorgan Chase & Co.
  • Tracking Fee 0.85% p.a.
  • Coupons4 Quarterly,Variable
  • Maturity Date May 24 2024
  • Inception Date Apr 02 2009
  • Primary Exchange NYSE Arca
  • CUSIP 46625H365

ETN Market Data

  • As of Date Jul 16 2019
  • Closing Price5 25.62
  • High Price6 25.78
  • Low Price7 25.62
  • Closing Intrinsic Note Value3,8 25.73
  • Current Volume (# Notes)9 573,036
  • Average Volume (# Notes)10 1,075,456
  • Market Capitalization11 $3,048,780,000
  • Current Maximum Market Capitalization12 $3,304,980,000
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Please review the Footnotes for explanation of the identified terms above