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JPMorgan plans to price capped index knock-out notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., July 2 - JPMorgan Chase & Co. plans to price 0% capped index knock-out notes due July 23, 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than 20% from the initial level during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus the contingent digital return, which will be at least 10.25% and will be set at pricing.
If a knock-out event occurs, the payout will be par plus the index return.
In either case, the maximum return will be at least 10.25%. The exact maximum return will be set at pricing.
The notes (Cusip: 48126NGC5) are expected to price July 5 and settle July 10.
J.P. Morgan Securities LLC will act as agent.
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