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JPMorgan plans capped buffered knock-out notes linked to Euro Stoxx
By Susanna Moon
Chicago, June 4 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due June 30, 2015 linked to the Euro Stoxx index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls below its knock-out level.
If the index finishes at or above the 80% trigger level, the payout at maturity will be par plus the greater of the 4% contingent minimum return and any index gain, up to a maximum return of at least 18.1%. The exact cap will be set at pricing.
Otherwise, investors will be exposed to any losses.
J.P. Morgan Securities LLC is the underwriter.
The notes will price on June 7 and settle on June 12.
The Cusip number is 48126NEB9.
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