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JPMorgan plans buffered return enhanced notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Dec. 27 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Jan. 29, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return that is expected to be 20% to 24% and will be set at pricing. If the index declines by 10% or less, investors will receive par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Jan. 28 and settle Jan. 31.
The Cusip number is 48126NR82.
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