Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for iShares Silver trust > News item |
JPMorgan eyes contingent buffered return enhanced notes on ETFs
By Sarah Lizee
Olympia, Wash., Aug. 21 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Aug. 29, 2025 linked to the lesser performing of the SPDR Gold Trust and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes above its initial level, the payout at maturity will be par plus 1.78 times the gain of the lesser performing asset.
Investors will receive par if the lesser performing asset falls by up to 40%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 26.
The Cusip number is 48132M7A3.
© 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.