JPMorgan plans buffered PLUS with cap linked to Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., Jan. 29 – JPMorgan Chase & Co. plans to price 0% buffered Performance Leveraged Upside Securities due Feb. 15, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of at least 39.5%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses any beyond 10%.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

The notes (Cusip: 48128A251) are expected to price on Feb. 12 and settle three business days after pricing.

© 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.