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JPMorgan plans knock-out buffered notes on Euro Stoxx, iShares EAFE
By Susanna Moon
Chicago, Aug. 6 – JPMorgan Chase & Co. plans to price 0% knock-out buffered return enhanced notes due Aug. 25, 2017 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 underlying component finishes at or above its initial level, the payout at maturity will be par plus 185% to 195% of the return of the worse performing underlying component. The exact upside leverage factor will be set at pricing.
If each underlying component falls by no more than 25%, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing underlying component.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 22 and settle on Aug. 27.
The Cusip number is 48127DWK0.
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