JPMorgan plans digital notes due 2020 tied to Turkish lira vs. dollar

By Susanna Moon

Chicago, March 4 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due March 23, 2020 linked to the performance of the Turkish lira relative to the dollar, according to a 424B2 filed with the Securities and Exchange Commission.

If the Turkish lira gains against the dollar or falls by up to its 150% trigger level, the payout at maturity will be par plus the digital return of at least 11.55%.

Otherwise, investors will be exposed to any losses.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 5.

The Cusip number is 48130UQM0.

© 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.