JPMorgan to price digital notes linked to Euro Stoxx 50 index

By Toni Weeks

San Luis Obispo, Calif., April 6 – JPMorgan Chase & Co. plans to price 0% digital notes due April 21, 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

If the index return is positive or zero, the payout at maturity will be par plus a digital return of at least 19% that will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.

The notes (Cusip: 48125UMX7) are expected to price April 17 and settle April 22.

J.P. Morgan Securities LLC is the agent.

© 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.