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JPMorgan plans dual directional contingent buffered notes on Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Aug. 4 – JPMorgan Chase & Co. plans to price 0% capped dual directional contingent buffered equity notes due Feb. 15, 2017 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 the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 16%.
If the final index level is less than the initial level by up to 16%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial level by more than 16%, investors will lose 1% for every 1% that the index’s final level is less than its initial level.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Aug. 7 and settle Aug. 12.
The Cusip number is 48125UJ60.
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