| 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 0% buffered return enhanced notes linked to S&P 500
By Susanna Moon
Chicago, March 31 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due April 14, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus 150% of any gain in the index, capped at a return of 53.5%.
If the index falls by up to 10%, the payout will be par. Investors will lose 1% for each 1% that the index declines beyond 10%.
The notes are expected to price April 3 and settle April 8.
J.P. Morgan Securities Inc. will be the agent.
© 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.