JPMorgan plans PLUS due September 2015 tied to Euro Stoxx Banks

By Jennifer Chiou

New York, July 24 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Sept. 3, 2015 linked to the Euro Stoxx Banks index, according to an FWP 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 of $10 plus 300% of the index return, subject to a maximum return that is expected to be at least 18% and will be set at pricing.

Investors will share in any losses.

The notes (Cusip: 48127H307) are expected to price on July 31.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

© 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.