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JPMorgan plans dual directional contingent buffered notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Aug. 25 – JPMorgan Chase & Co. plans to price 0% capped dual directional contingent buffered equity notes due March 8, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 16.95%. If the index falls by up to 16.95%, the payout will be par plus the absolute value of the index return. If the index falls by more than 16.95%, investors will be fully exposed to the index decline.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 28 and settle on Sept. 2.
The Cusip number is 48125UQ70.
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