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JPMorgan to price single review notes linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., Jan. 13 - JPMorgan Chase & Co. plans to price 0% single review notes due Jan. 27, 2012 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the notes will be automatically called at par plus a premium of at least 14.7%. The exact premium will be set at pricing.
If the notes are not called, investors will receive par at maturity if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
The initial index level will be the index's closing level on Jan. 13.
The notes (Cusip: 48125XBD7) are expected to price Jan. 18 and settle Jan. 21.
J.P. Morgan Securities LLC is the agent.
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