JPMorgan plans three-year buffered digital notes linked to S&P 500

By Susanna Moon

Chicago, March 2 – JPMorgan Chase & Co. plans to price 0% digital notes due March 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial index level, the payout at maturity will be par plus the fixed return of 22% to 26%. The exact digital return will be set at pricing.

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

J.P. Morgan Securities LLC is the agent.

The notes will price on March 28 and settle on March 31.

The Cusip number is 48128GQR4.

© 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.