| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 Buyback index > News item |
JPMorgan plans capped buffered return enhanced notes on S&P 500 Buyback
By Sarah Lizee
Olympia, Wash., April 17 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Oct. 31, 2019 linked to the S&P 500 Buyback index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain, with the payout capped at par plus at least 16%.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for every 1% decline beyond 10%.
The agent is J.P. Morgan Securities LLC.
The notes will price on April 30 and settle on May 3.
The Cusip number is 48129MNA0.
© 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.