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 capped buffered return enhanced notes tied to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 1 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Jan. 8, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus two times the index return, subject to a maximum return of 8%. Investors will receive par if the index declines by up to the buffer amount and will lose 1% for every 1% that it declines beyond the buffer amount, which is expected to be 14.5% to 16.5% and will be set at pricing.
J.P. Morgan Securities LLC is the agent.
The notes will price Nov. 5.
The Cusip number is 48132FE93.
© 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.