E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/3/2017 in the Prospect News Structured Products Daily.

JPMorgan plans capped buffered return enhanced notes on iShares EAFE

By Marisa Wong

Morgantown, W.Va., Jan. 3 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due July 31, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the fund return is positive, the payout at maturity will be par plus 2 times the fund gain, subject to a maximum return of 24.5% to 28.5% that will be set at pricing. Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that the fund declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price Jan. 26.

The Cusip number is 46646QHA6.


© 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.