JPMorgan plans capped dual directional buffered notes tied to S&P 500

By Devika Patel

Knoxville, Tenn., Dec. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional contingent buffered return enhanced notes due Dec. 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus 1.25 times any index gain, subject to a maximum payout of at least 55%. The exact cap will be set at pricing.

If the index falls by up to 30%, the payout will be par plus the absolute value of the index return. If the index falls by more than 30%, investors will lose 1% for each 1% decline of the index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48129HUN5) are expected to price on Dec. 26 and settle on Dec. 29.

© 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.