JPMorgan plans five-year contingent buffer notes tied to two indexes

By Susanna Moon

Chicago, July 5 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due July 31, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index finishes above its 120% upside leverage threshold, the payout at maturity will be par plus at least 1.2 times the gain of the worse performing index above the contingent minimum return of 20%.

If either underlying index gains by up to the upside threshold or falls by up to 40%, the contingent buffer, the payout will be par plus 20%.

If either index falls by more than the contingent buffer, investors will lose 1% for each 1% decline of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 31.

The Cusip number is 48129MF76.

© 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.