| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for Financial Select Sector SPDR fund > News item |
JPMorgan plans relative value notes linked to index basket vs. S&P 500
By Susanna Moon
Chicago, Nov. 16 – JPMorgan Chase Financial Co. LLC plans to price 0% relative value return enhanced notes due Dec. 6, 2017 linked to the capped upside return of a basket of equally weighted indexes and the downside return of the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The basket consists of the Health Care Select Sector SPDR fund, the Industrial Select Sector SPDR fund and the Financial Select Sector SPDR fund.
The payout at maturity will be par plus 1.25 times any basket gain, up to a maximum return of 18.75%.
Investors will be exposed to any losses of S&P 500 index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the underwriter.
The notes will price on Nov. 18 and settle on Nov. 23.
The Cusip number is 46646QAK1.
© 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.