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JPMorgan to price single review notes linked to Euro Stoxx 50 index
By Marisa Wong
Madison, Wis., Aug. 26 – JPMorgan Chase & Co. plans to price 0% single review notes due Sept. 16, 2015 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 or equal to 95% of the initial index level, the notes will be automatically called at par plus a premium of at least 9.8%. The exact premium will be set at pricing.
If the notes are not called and the index declines by 10% or less, investors will receive par. If the index declines by more than 10%, investors will lose 1% for every 1% drop below the initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 29 and settle on Sept. 4.
The Cusip number is 48127DYB8.
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