Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
JPMorgan plans to price digital notes linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., Oct. 17 – JPMorgan Chase & Co. plans to price 0% digital notes due Nov. 3, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the digital return, which is expected to be at least 20% and will be set at pricing. If the final index level is less than the initial index level by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Oct. 31 and settle Nov. 5.
The Cusip number is 48127DM70.
© 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.