Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase Financial Co. LLC > News item |
JPMorgan plans dual directional contingent buffered notes tied to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, June 8 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered return enhanced notes due June 30, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If both indexes gain, the payout at maturity will be par plus at least 1.2 times the gain of the lesser performing index.
If either index falls by up to the 32.5% contingent buffer, the payout will be par plus the absolute value of the lesser index return.
If either index falls by more than the contingent buffer, investors will be fully exposed to any losses of the worse performing index.
The notes will price on June 27 and settle on June 30.
The Cusip number is 46646EEV0.
© 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.