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JPMorgan plans to price knock-out notes linked to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., June 25 – JPMorgan Chase Financial Co. LLC plans to price 0% knock-out notes due April 17, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index ends above its initial level but at or below the knock-out level of 111.5% of its initial level, the payout at maturity will be par plus 50% of the index return.
Otherwise the payout will be par.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48129M4P8) will price on June 27 and settle on July 2.
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