JPMorgan plans capped knock-out notes linked to iShares MSCI Mexico

By Angela McDaniels

Tacoma, Wash., April 23 - JPMorgan Chase & Co. plans to price 0% capped index fund knock-out notes due May 13, 2011 linked to the iShares MSCI Mexico Investable Market index fund, according to an FWP filing with the Securities and Exchange Commission.

If shares of the exchange-traded fund close below 80% of the initial share price on any day during the life of the notes, the payout at maturity will be par plus the fund return, which could be positive or negative. Otherwise, the payout will be par plus the fund return, subject to a minimum return of at least 14.1%.

In either case, the return will be subject to a cap of at least 20%. The exact minimum and maximum returns will be set at pricing.

The notes are expected to price April 26 and settle April 29.

J.P. Morgan Securities Inc. is the 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.