Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P Banks Select Industry index > News item |
JPMorgan plans digital equity notes tied to S&P Banks Select Industry
By Susanna Moon
Chicago, Dec. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% digital equity notes due Feb. 21, 2018 linked to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the 90% threshold, the payout at maturity will be the threshold settlement amount of $1,073.00 to $1,085.90 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 15.
The Cusip number is 46646QBG9.
© 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.