JPMorgan plans capped enhanced notes linked to dollar vs. yen

By Marisa Wong

Morgantown, W.Va., June 12 – JPMorgan Chase Financial Co. LLC plans to price 0% capped enhanced participation currency-linked notes due July 18, 2018 linked to the dollar/Japanese yen exchange rate, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The currency return will be positive if the dollar strengthens relative to the yen.

If the currency return is positive, the payout at maturity will be par plus 1.63 to 1.73 times the currency return, up to a maximum settlement amount of $2,630 to $2,730 per $1,000 note.

If the currency return is zero or negative, the payout will be par plus the currency return, subject to minimum payment of zero. If the final exchange rate is less than or equal to 50% of the strike rate, investors will lose their entire investment.

J.P. Morgan Securities LLC is the agent.

The notes will price June 13.

The Cusip number is 46647MLR2.

© 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.