JPMorgan to price capped return enhanced notes linked to S&P 500

By Jennifer Chiou

New York, Oct. 15 - JPMorgan Chase & Co. plans to price 0% capped return enhanced notes due Nov. 5, 2014 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, subject to a maximum return of at least 15.1% that will be set at pricing.

Investors will be fully exposed to any decline in the index.

The final index level will be the average of the index closing levels on five averaging dates ending Oct. 31, 2014.

The notes (Cusip: 48126NXT9) are expected to price on Oct. 18 and settle on Oct. 23.

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.