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 uncapped buffered equity notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 2 – JPMorgan Chase & Co. plans to price uncapped buffered equity notes due May 29, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the lesser-performing index.
If either index finishes below its initial value but the lesser performing index is not less than its initial value by more than 15%, the payout will be par.
If any index falls by more than 15%, investors will lose 1% for each 1% decline of the least-performing index beyond the 15% buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 25.
The Cusip number is 48128GXH8.
© 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.