JPMorgan to price dual directional knock-out notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional knock-out notes due June 30, 2020 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 ever closes below its lower level knock-out level of 80% of the initial level, or above the upper knock-out level of 120% of its initial level, the payout at maturity will be par plus the absolute value of the final index return.

Otherwise, the payout will be par plus 20%.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WLF6) will price on Dec. 21 and settle on Dec. 27.

© 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.