JPMorgan plans five-year buffered notes with no cap linked to S&P 500

By Susanna Moon

Chicago, Aug. 26 – JPMorgan Chase & Co. plans to price 0% buffered equity notes due Sept. 27, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange.

The payout at maturity will be par plus any gain in the index.

Investors will receive par if the index falls by up to 15% and will be lose 1% for each 1% beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 24 and settle on Sept. 29.

The Cusip number is 48127DXX1.

© 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.