JPMorgan plans capped buffered return enhanced notes tied to FTSE 100

By Tali Rackner

Norfolk, Va., Feb. 17 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due April 26, 2018 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus 1.5 times any index gain up to a maximum return of at least 11.8%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 23 and settle on Feb. 28.

The Cusip number is 46646QYX7.

© 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.