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JPMorgan plans to price PLUS linked to Euro Stoxx Banks index
By Marisa Wong
Madison, Wis., Nov. 18 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Dec. 24, 2015 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of at least 21% that will be set at pricing.
Investors will be fully exposed to any decline in the index.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
The notes are expected to price on Nov. 19.
The Cusip number is 48127P713.
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