Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase & Co. > News item |
JPMorgan plans issue of 0% buffered return enhanced notes linked to Nikkei
By Jennifer Chiou
New York, July 21 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due Aug. 15, 2007 linked to the Nikkei index, according to an FWP filing with the Securities and Exchange Commission.
The pricing date is expected to be on or about July 28 with settlement on Aug. 2.
Noteholders will receive par plus twice any positive return on the index, up to a maximum payout of at least 23.3%. The exact level of the maximum return will be set at pricing.
If the ending index level declines by 10% or less, payout at maturity will be par. Holders will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities Inc. will be agent for the offering.
© 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.