Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase & Co. > News item |
JPMorgan plans 18-month buffered return notes on iShares Russell 2000
By Susanna Moon
Chicago, July 20 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Feb. 13, 2012 based on the performance of the iShares Russell 2000 index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 24.15% to 29.15%. The exact cap will be set at pricing.
Investors will receive par if the shares fall by up to 15% and will be exposed to any decline beyond 15%.
The notes (Cusip 48124AXE2) will price on Aug. 10 and settle on Aug. 13.
J.P. Morgan Securities Inc. is the agent.
© 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.