Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
JPMorgan plans buffered return enhanced notes on Russell, Euro Stoxx
By Devika Patel
Knoxville, Tenn., Jan. 24 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Jan. 31, 2023 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus at least 2.25 times any gain of the lesser-performing index. The exact participation rate will be set at pricing.
If either index return is less than its initial level, but finishes above the buffer level of 50% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48129HWP8) will price on Jan. 26 and settle on Jan. 31.
© 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.