JPMorgan plans buffered return enhanced notes linked to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., May 9 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due June 26, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.75 times the index return, subject to a maximum return that is expected to be at least 11.7% and will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price May 23.

The Cusip number is 48132CHL0.

© 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.