JPMorgan plans to price capped knock-out notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., April 22 – JPMorgan Chase & Co. plans to price 0% capped index knock-out notes due May 11, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the index’s closing level on any day during the life of the notes or the final index level is less than the initial index level by more than 20%.

If a knock-out event has occurred, the payout at maturity will be par plus the index return, subject to a maximum return. In this case, if the index return is negative, investors will receive less than par.

If a knock-out event has not occurred, the payout will be par plus the contingent digital return.

Both the maximum return and contingent digital return are expected to be at least 8.85% and will be set at pricing.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price April 24 and settle April 29.

The Cusip number is 48125UPB2.

© 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.