Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for WTI crude oil contract > News item |
JPMorgan to price capped market plus notes linked to WTI crude oil
By Angela McDaniels
Tacoma, Wash., Oct. 29 - JPMorgan Chase & Co. plans to price 0% capped market plus notes due Jan. 7, 2015 linked to the first nearby month futures contract for WTI crude oil, according to an FWP filing with the Securities and Exchange Commission.
If the final contract price is at least 80% of the initial price, the payout at maturity will be par plus the greater of (a) 200% of the oil return and (b) 5%, subject to a maximum return of at least 20% that will be set at pricing. Otherwise, investors will lose 1% for every 1% that the final contract price is less than the initial price.
The final contract price will be the average of the contract prices on the five trading days ending Jan. 2, 2015.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Nov. 1 and settle Nov. 6.
The Cusip number is 48126NTD9.
© 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.