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Prospect News home > News index > List of issuers F > Headlines for Financial Select Sector SPDR fund > News item |
JPMorgan plans PLUS with cap linked to Financial Select Sector SPDR
By Susanna Moon
Chicago, Jan. 4 - JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due March 5, 2014 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the fund, up to a maximum return of 11.50 to $11.80 per note.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
The notes will price on Jan. 30 and settle five days later in February.
The Cusip number is 48126E370.
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