JPMorgan plans capped enhanced participation notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 15 – JPMorgan Chase Financial Co. LLC plans to price 0% capped enhanced participation equity notes due Oct. 19, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount that is expected to be between $1,168.00 and $1,197.40 for each $1,000 principal amount of notes and will be set at pricing. If the index return is negative, investors will be exposed to the index’s decline.

J.P. Morgan Securities LLC is the agent.

The notes will price May 16.

The Cusip number is 46647MCG6.

© 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.