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JPMorgan plans capped return enhanced notes linked to Euro Stoxx Banks
By Marisa Wong
Madison, Wis., July 15 – JPMorgan Chase & Co. plans to price 0% capped return enhanced notes due Aug. 5, 2015 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 2 times the index return, subject to a maximum return that is expected to be at least 25.7% and will be set at pricing. If the index return is negative, investors will be fully exposed to the decline.
The final index level will be the average of the index’s closing levels on the five trading days ending July 31, 2015.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 18 and settle on July 23.
The Cusip number is 48127DTF5.
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