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 contingent buffer equity notes tied to S&P 500
By Susanna Moon
Chicago, June 11 – JPMorgan Chase & Co. plans to price uncapped contingent buffered equity notes due June 24, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 30%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any loses if the index falls by more than the 30% contingent buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 19 and settle on June 24.
The Cusip number is 48125UXF4.
© 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.