JPMorgan to price index knock-out notes linked to iShares MSCI Brazil

By Marisa Wong

Milwaukee, March 2 - JPMorgan Chase & Co. plans to price 0% index knock-out notes due Sept. 1, 2011 linked to the iShares MSCI Brazil index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index fund return if a knock-out event occurs. If a knock-out event does not occur, the payout will be par plus the greater of the fund return and a contingent minimum return of at least 24.22%. In both cases the payout is subject to a cap of at least 30%. The exact percentages will be set at pricing.

A knock-out event occurs if the fund share price declines by more than 30% of the initial share price at any time during the life of the notes.

The notes are expected to price March 5 and settle March 10.

J.P. Morgan Securities Inc. 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.