JPMorgan amends maturity on capped contingent buffered notes on indexes

By Marisa Wong

Madison, Wis., April 7 – JPMorgan Chase & Co. amended the maturity date of its planned 0% capped contingent buffered equity notes linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to an amended FWP filing with the Securities and Exchange Commission.

The notes will mature on April 25, 2018 instead of April 11, 2018.

The issuer also pushed back the pricing and settlement dates to April 20 and April 23, respectively. The notes were previously set to price on April 6 and settle on April 9.

The payout at maturity will be par plus the return of the worse performing index, subject to a maximum return of 25% to 30%.

Investors will receive par if each index finishes at or above the 50% buffer level and will be fully exposed to any losses of the worse performing index if either index falls by more than the contingent buffer.

J.P. Morgan Securities LLC is the agent.

The Cusip number is 48125UKD3.

© 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.