JPMorgan plans capped buffered return enhanced notes linked to EM ETF

By Angela McDaniels

Tacoma, Wash., Nov. 13 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Dec. 3, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final share price is greater than the initial share price, the payout at maturity will be par plus two times the ETF return, subject to a maximum return that is expected to be at least 21.2% and will be set at pricing. Investors will receive par if the share price declines by the 10% or less and will lose 1% for every 1% that it may decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price Nov. 27.

The Cusip number is 48129HPC5.

© 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.