JPMorgan plans contingent buffered notes linked to Russell 2000, S&P

By Angela McDaniels

Tacoma, Wash., April 1 – JPMorgan Chase & Co. plans to price 0% uncapped contingent buffered return enhanced notes due April 30, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 1.6 times the return of the lesser-performing index.

If the final level of either index is less than its initial level but the final level of each index is greater than or equal to 50% of its initial level, the payout will be par.

If the final level of either index is less than its initial level by more than 50%, investors will be fully exposed to the decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price April 26.

The Cusip number is 48128GSP6.

© 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.