E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/9/2015 in the Prospect News Structured Products Daily.

JPMorgan plans to price PLUS linked to iShares MSCI EAFE ETF

By Marisa Wong

Morgantown, W.Va., Oct. 9 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Jan. 20, 2017 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 positive, the payout at maturity will be par of $10 plus 300% of the fund return, subject to a maximum return that is expected to be at least 19.65% and will be set at pricing. If the fund return is negative, investors will be fully exposed to the decline.

J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.

The notes will price on Oct. 16.

The Cusip number is 48127Y698.


© 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.