| 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 capped notes with 95% floor tied to S&P 500, Russell
By Susanna Moon
Chicago, Oct. 23 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due Oct. 30, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index finishes above its initial level, the payout at maturity will be par plus the gain of the worse performing asset up to a maximum return of at least 16%.
If either asset falls, the payout will be par plus the return of the worse performing index with a minimum payout of 95% of par.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 31.
The Cusip number is 48130U4A0.
© 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.