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JPMorgan plans to price capped index knock-out notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., Aug. 6 - JPMorgan Chase & Co. plans to price 0% capped index knock-out notes due Aug. 27, 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 closes below the initial level by more than 20% on any day 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 9.4% and will be set at pricing.
If a knock-out event occurs, the payout will be par plus the index return, with exposure to losses.
In either case, the maximum return will be at least 9.4%. The exact maximum return will be set at pricing.
The notes (Cusip: 48126NNC7) are expected to price Aug. 9 and settle Aug. 14.
J.P. Morgan Securities LLC will act as agent.
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