JPMorgan plans to price buffered digital notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., June 22 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered digital notes due Aug. 4, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above the initial index level, the payout at maturity will be par plus a contingent digital return of at least 8.15%. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 29 and settle on July 5.

The Cusip number is 46646EKC5.

© 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.