JPMorgan plans to price buffered return enhanced notes tied to Commodity Curve Crude index

By E. Janene Geiss

Philadelphia, March 19 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Sept. 30, 2010 linked to the JPMorgan Commodity Curve Index - Crude Oil Excess Return, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the strike level, then the payout at maturity will be par plus 1.15 times any index return, subject to a maximum return of 40.25%. Investors will receive par if the index declines by 15% or less from the strike level and will lose 1% for every 1% that the index declines beyond 15%.

The strike level will be set at pricing and may or may not be the closing level of the index on the pricing date.

The notes are expected to price March 27 and settle April 1.

J.P. Morgan Securities Inc. is the agent.

© 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.