JPMorgan to price contingent buffered notes linked to Euro Stoxx Banks

By Angela McDaniels

Tacoma, Wash., June 25 – JPMorgan Chase & Co. plans to price 0% contingent buffered equity notes due June 30, 2016 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 15%, the payout at maturity will be par plus the greater of the contingent minimum return and the index return. The contingent minimum return is expected to be at least 6.75% and will be set at pricing.

If the final index level is less than the initial index level by more than 15%, investors will lose 1% for every 1% that the final level is less than the initial level.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price June 27 and settle July 2.

The Cusip number is 48127DQU5.

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