Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
JPMorgan plans trigger performance securities linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., June 4 - JPMorgan Chase & Co. plans to price 0% trigger performance securities due June 30, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 152% to 158% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the index's final level is equal to or greater than the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes are expected to price June 26 and settle June 30.
The Cusip number is 48127F210.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.