JPMorgan plans buffered enhanced participation notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 13 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation equity notes due March 12, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.6 times the index return, subject to a maximum settlement amount that expected to be between $1,186.08 and $1,218.24 for each $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that the index declines beyond 12.5%.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price June 18.

The Cusip number is 48132CVK6.

© 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.