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JPMorgan plans capped dual directional buffered notes on Euro Stoxx
By Marisa Wong
Madison, Wis., March 17 – JPMorgan Chase & Co. plans to price 0% capped dual directional contingent buffered equity notes due Sept. 28, 2016 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the index gain, capped at 18.25%.
If the index falls by up to 18.25%, the payout will be par plus the absolute value of the index return.
Otherwise, the payout will be par plus the return, with full exposure to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 20 and settle on March 25.
The Cusip number is 48125UJY9.
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