JPMorgan plans buffered return enhanced notes tied to Russell 2000

By Susanna Moon

Chicago, Oct. 5 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered return enhanced notes due Oct. 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain up to a maximum return of 18% to 22%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 31 and settle on Nov. 3.

The Cusip number is 48129HCJ4.

© 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.