| 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 dual directional buffered notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Oct. 8 – JPMorgan Chase & Co. plans to price 0% capped dual directional contingent buffered return enhanced notes due Oct. 30, 2020 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 1.25 times any index gain, capped at 50%. The exact cap will be set at pricing.
If the index falls by up to 35%, the payout will be par plus the absolute value of the index return. If the index falls by more than 35%, investors will be fully exposed to the index decline.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Oct. 27 and settle Oct. 30.
The Cusip number is 48125U6X5.
© 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.