JPMorgan to price three-year review notes linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., May 13 – JPMorgan Chase & Co. plans to price 0% review notes due May 17, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of at least 11.5% if the index closes at or above its initial level on any of three annual review dates. The exact call premium will be set at pricing.

If the payout at maturity will be par unless the index falls by more than 10%, in which case investors will be fully exposed to the index decline from the initial index level.

J.P. Morgan Securities LLC is the agent.

The notes will price May 14 and settle May 19.

The Cusip number is 48125USD5.

© 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.