JPMorgan to sell 0% buffered notes linked to S&P 500

By E. Janene Geiss

Philadelphia, Jan. 18 - JPMorgan Chase & Co. plans to price an issue of 0% buffered equity notes due July 30, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will not include an upside leverage factor.

If the ending index level declines by 15% or less, the payout will be par. Holders will lose 1% for each 1% decline beyond 15%.

The notes are expected to price Jan. 26 and settle Jan. 31.

© 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.