Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MSCI Emerging Markets index > News item |
JPMorgan plans capped dual directional buffered notes on EM index
By Sarah Lizee
Olympia, Wash., June 19 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional buffered equity notes due June 24, 2022 linked to the MSCI Emerging Markets 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 the index return, subject to a maximum upside return of 30%.
If the final index level is less than the initial index level by up to 25.6%, the payout will be par plus 50% of the absolute value of the index return.
If the final index level is less than the initial index level by more than 25.6%, investors will lose 1% for every 1% that the index declines beyond 25.6%.
J.P. Morgan Securities LLC is the agent.
The notes will price June 21.
The Cusip number is 48132CWF6.
© 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.