| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
JPMorgan plans dual direction contingent buffered notes on S&P 500
By Susanna Moon
Chicago, Aug. 20 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered equity notes due Aug. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial, the payout at maturity will be par plus the gain.
If the asset ever falls by up to the 26.5% contingent buffer, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 28.
The Cusip number is 48130UCQ6.
© 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.