JPMorgan plans 0% buffered return enhanced notes on Russell 2000

By Jennifer Chiou

New York, Nov. 30 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due June 28, 2013 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus double times any gain in the index, up to a maximum return of at least 25% and no more than 29%. The exact maximum return will be determined at pricing.

Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% decline beyond 10%.

The notes (Cusip: 48125VDZ0) are expected to price on Dec. 22 and settle on Dec. 30.

J.P. Morgan Securities LLC 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.