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JPMorgan plans contingent buffered equity notes tied to Euro Stoxx 50
By Jennifer Chiou
New York, April 8 - JPMorgan Chase & Co. plans to price 0% contingent buffered equity notes due Oct. 15, 2015 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes at or above the 80% trigger level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of at least 2%. The exact contingent minimum return will be set at pricing.
Otherwise, investors will be fully exposed to the decline in the index.
The final index level will be the average of the closing index levels on the five trading days ending Oct. 9, 2015.
The notes (Cusip: 48127DEE4) are expected to price on April 11 and settle on April 16.
J.P. Morgan Securities LLC is the agent.
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