JPMorgan plans contingent buffer digital return notes tied to indexes

By Susanna Moon

Chicago, July 26 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered equity notes due Aug. 1, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each index finishes at or above the 70% threshold level, the payout at maturity will be par plus the contingent digital return of between 12.5% and 13.05%.

If either index falls by more the 30% contingent buffer, investors will be fully exposed to any losses of the worse performing index.

The notes will price on July 27 and settle on Aug. 1.

The Cusip number is 46646EQS4.

© 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.