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JPMorgan plans dual direction contingent buffer notes on Euro Stoxx 50
By Tali Rackner
Norfolk, Va., July 21 – JPMorgan Chase & Co. plans to price 0% capped dual directional contingent buffered equity notes due Feb. 1, 2017 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus any index gain, up to a maximum return of 16.25%.
If the index falls by up to 16.25%, 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.
The final index level will be the average of the closing index levels on five scheduled calculation days ending Jan. 27, 2017.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 24 and settle on July 29.
The Cusip number is 48125UB43.
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