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JPMorgan plans capped buffered return enhanced notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Oct. 9 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Oct. 31, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 24% to 28%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 27 and settle on Oct. 30.
The Cusip number is 48125U6R8.
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