JPMorgan plans three-year capped trigger gears linked to Russell 2000

By Sarah Lizee

Olympia, Wash., March 11 – JPMorgan Chase Financial Co. LLC plans to price 0% capped trigger gears due March 31, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par of $10 plus 2 times any index gain, subject to a maximum return of 28.85% to 31.85%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below its 75% downside threshold level.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

The notes will price March 26.

The Cusip number is 48130X356.

© 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.