JPMorgan plans to price digital notes linked to iShares MSCI EAFE

By Toni Weeks

San Luis Obispo, Calif., March 12 - JPMorgan Chase & Co. plans to price 0% digital notes due April 5, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is zero or positive, the payout at maturity will be par plus a 15% to 17% digital return. The exact digital return will be set at pricing. Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond the 10% buffer.

The notes (Cusip: 48127DBN7) are expected to price March 31 and settle April 3.

J.P. Morgan Securities LLC is the agent.

© 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.