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 capped index knock-out notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., July 2 - JPMorgan Chase & Co. plans to price 0% capped index knock-out notes due July 23, 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than 20% from the initial level during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus the contingent digital return, which will be at least 10.25% and will be set at pricing.
If a knock-out event occurs, the payout will be par plus the index return.
In either case, the maximum return will be at least 10.25%. The exact maximum return will be set at pricing.
The notes (Cusip: 48126NGC5) are expected to price July 5 and settle July 10.
J.P. Morgan Securities LLC will act as 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.