Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
JPMorgan plans to price six-month PLUS linked to S&P 500 index
By Marisa Wong
Madison, Wis., Jan. 15 - JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Aug. 2, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain in the index, subject to a maximum return of 6% to 7% that will be set at pricing.
Investors will be fully exposed to losses if the index declines.
The notes (Cusip: 48124B741) are expected to price Jan. 30 and settle three business days later.
J.P. Morgan Securities LLC is the agent.
© 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.