Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
JPMorgan plans one-year digital notes tied to Stoxx 50, Russell 2000
By Susanna Moon
Chicago, March 24 – JPMorgan Chase Financial Co. LLC plans to price digital notes due April 30, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index closes at or above the 60% threshold on each day during the life of the notes, the payout at maturity will be par plus the fixed return of at least 6%. The exact contingent digital return will be set at pricing.
Otherwise, the payout will be par unless either index falls in which case investors will be fully exposed to any losses to the return of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 29 and settle on April 3.
The Cusip number is 46646QX75.
© 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.