JPMorgan to price 0% return enhanced notes linked to Russell 2000 relative to S&P 500

By Jennifer Chiou

New York, Nov. 3 - JPMorgan Chase & Co. will price an offering of 0% return enhanced senior unsecured notes due Jan. 25, 2008 linked to the Russell 2000 index relative to the performance of the S&P 500, according to an FWP filing with the Securities and Exchange Commission.

Noteholders will receive par plus four times the positive return on the Russell 2000, up to a maximum payout of 16% or 25%, depending on whether the Russell 2000 outperforms the S&P 500. If the Russell 2000 return is more than 4% and it outperforms or stays even to the S&P 500, investors will receive 16%. If the Russell 2000 return is more than 6.25% and it does not outperform the S&P 500, investors will receive 25%.

Investors will share in any losses on the index.

The notes will price on Nov. 21 and settle on Nov. 27.

J.P. Morgan Securities Inc. will be the underwriter.

© 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.