| 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 digital dual directional notes linked to S&P 500 index
New York, Oct. 6 – JPMorgan Chase & Co. plans to price 0% digital dual directional notes due Oct. 24, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the 14.5% contingent digital return. The exact amount of the contingent digital return will be set at pricing and will be at least 14.5%.
If the index declines by up to the contingent buffer amount of 20%, the payout will be par plus the absolute value of the index return.
If the index falls more than the 20% contingent buffer, investors will have full exposure to any losses from the initial level.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on Oct. 19 and settle on Oct. 22.
The Cusip number is 48125U7H9.
The estimated initial value is $977.60 per $1,000 principal amount.
© 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.