Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
JPMorgan eyes dual directional contingent buffered note on fund, index
By Devika Patel
Knoxville, Tenn., July 2 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional contingent buffered return enhanced notes due July 30, 2021 linked to the iShares MSCI EAFE Small-Cap exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlying finishes above its initial level, the payout at maturity will be par plus at least 1.4 times the gain of the worse performing underlying. The exact participation rate will be set at pricing.
If the worse performing underlying remains flat falls by up to the 30% contingent buffer, the payout will be par plus the absolute value of the lesser performing underlying return.
If either underlying falls by more than 30%, investors will lose 1% for each 1% decline of the worse performing underlying from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48129M5T9) are expected to price on July 26 and settle on July 31.
© 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.