| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase & Co. > News item |
JPMorgan plans five-year dual directional notes linked to S&P 500
By Susanna Moon
Chicago, Dec. 31 – JPMorgan Chase & Co. plans to price 0% dual directional notes due Jan. 29, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the 25% contingent minimum return.
If the index falls by up to 30%, the payout will be par plus the absolute value of the return.
If the index falls below the 70% trigger level, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 26 and settle on Jan. 29.
The Cusip number is 48128GHQ6.
© 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.