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JPMorgan plans dual directional buffered return notes on Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., May 22 - JPMorgan Chase & Co. plans to price 0% dual directional contingent buffered return enhanced notes due Dec. 1, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.25 times the index return.
If the index return is zero or negative but not less than negative 21%, the payout will be par plus 50% of the absolute value of the index return.
Investors will be fully exposed to losses from the initial level if the index falls by more than 21%.
The exact terms will be set at pricing.
The notes (Cusip: 48127DJZ2) will price May 27 and settle May 30.
J.P. Morgan Securities LLC is the agent.
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