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JPMorgan plans knock-out buffered return enhanced notes on index, fund
By Susanna Moon
Chicago, May 7 - JPMorgan Chase & Co. plans to price 0% knock-out buffered return enhanced notes due Nov. 21, 2016 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If each component finishes at or above its initial level, the payout at maturity will be par plus 1.93 times to 2.01 times the return of the worse performing component.
If either component falls but finishes at or above the 75% knock-out level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing component.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 16 and settle on May 21.
The Cusip number is 48127DHK7.
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