JPMorgan plans capped contingent buffered equity notes on indexes

By Sarah Lizee

Olympia, Wash., Aug. 27 – JPMorgan Chase Financial Co. LLC plans to price 0% capped contingent buffered equity notes due Sept. 3, 2025 linked to the lesser performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout will be par plus the return of the least performing index, capped at par plus 52.1%.

If any index falls by up to 50%, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the least performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 28.

The Cusip number is 48132M7K1.

© 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.