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 capped buffered return enhanced notes on S&P 500
By Marisa Wong
Madison, Wis., Oct. 1 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Oct. 30, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum return of 15% to 19% that 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 are expected to price Oct. 28 and settle Oct. 31.
The Cusip number is 48126NVX2.
© 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.