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JPMorgan plans one-year buffered autocallables linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 25 - JPMorgan Chase & Co. plans to price 0% buffered autocallable optimization securities due Aug. 1, 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index closes at or above the initial index level on any quarterly observation date, the notes will be called at par of $10 plus an annualized call return of 9% to 10%. The exact call return will be set at pricing.
If the notes are not called and the final index level is at least 95% of the initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 5%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price on July 29 and settle on July 31.
The Cusip number is 48126H654.
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