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JPMorgan plans dual directional contingent buffer notes on Euro Stoxx
By Marisa Wong
Madison, Wis., June 16 – JPMorgan Chase & Co. plans to price 0% capped dual directional contingent buffered equity notes due Dec. 29, 2016 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the index gain, up to a maximum return of 16.8%.
If the index falls by up to 16.8%, the payout will be par plus the absolute value of the index return.
Otherwise, the payout will be par plus the return, with full exposure to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 19 and settle on June 24.
The Cusip number is 48125UXP2.
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