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JPMorgan plans to price PLUS due 2015 linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., Oct. 31 - JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Jan. 2, 2015 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 the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of at least 16% that will be set at pricing. If the final index level is less than the initial index level, investors will have 1-to-1 exposure to the decline.
J.P. Morgan Securities LLC is the agent. Distribution will be through Morgan Stanley Smith Barney LLC.
The notes are expected to price Nov. 29.
The Cusip number is 48127A807.
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