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JPMorgan plans dual directional trigger PLUS tied to Euro Stoxx Banks
By Toni Weeks
San Luis Obispo, Calif., Feb. 6 - JPMorgan Chase & Co. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Aug. 19, 2015 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain.
If the index falls by up to 10%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses if the index finishes below the 90% trigger level.
J.P. Morgan Securities LLC is the agent.
The notes will price Feb. 14 and settle three business days later.
The Cusip number is 48127E700.
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