JPMorgan Launches New Financial Product Linked to S&P 500 Index
JPMorgan Chase Financial Company LLC has launched a new financial product called Capped Buffered Equity Notes Linked to the S&P 500 Index, which is fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes are designed for investors who seek a return of 1.00 times any appreciation of the S&P 500 Index, up to a maximum return of 15.50%, at maturity.
Investors should be willing to forgo interest and dividend payments and be willing to lose up to 85.00% of their principal amount at maturity.
The notes are priced at $1,000 each with a minimum denomination of $1,000 and integral multiples thereof.