JPMorgan plans two-year buffered digital notes linked to two indexes

By Wendy Van Sickle

Columbus, Ohio, May 12 – JPMorgan Chase Financial Co. LLC plans to price buffered digital notes due May 31, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be a fixed return of 20%.

Investors will receive par if each index falls by no more than 10% and will be exposed to any losses beyond the buffer.

J.P. Morgan Securities LLC is the agent.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will price on May 31 and settle on June 5.

The Cusip number is 46646QSB2.

© 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.