JPMorgan plans uncapped contingent buffered notes linked to indexes

By Sarah Lizee

Olympia, Wash., May 31 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due June 30, 2023 linked to the lesser performing of the S&P 500 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 finishes above its 120% upside threshold, the payout at maturity will be par plus 1.2 times the return of the worse performing over the contingent minimum return of at least 20%.

If each index gains by up to the upside threshold or falls by up to 40%, the payout will be par plus at least 20%.

Otherwise, investors will receive par plus the return of the worse performing index with full exposure to any losses if the index falls by more than the contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48129MXX9) will price on June 29 and settle on July 5.

© 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.