JPMorgan to price capped buffered return enhanced notes on Russell

By Sarah Lizee

Olympia, Wash., July 12 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due July 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final index level is greater than the initial index level, the payout at maturity will be par plus two times the index return, subject to a maximum return that is expected to be 19% to 23% and will be set at pricing.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price July 31.

The Cusip number 48132C2A0.

© 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.