| 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 uncapped buffered return enhanced notes on Russell 2000, S&P 500
New York, June 4 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped 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.
If each index finishes above its initial level, the payout at maturity will be par plus at least 1.12 times any gain of the worse performing index. The exact upside leverage factor will be set at pricing.
If either index falls by up to 22.5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 22.5%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 26 and settle on June 29.
The Cusip number is 48129MZB5.
© 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.