JPMorgan plans digital notes with 80% barrier linked to MSCI EAFE

By Susanna Moon

Chicago, June 27 – JPMorgan Chase Financial Co. LLC plans to price 0% digital equity notes due May 3, 2018 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above the 80% barrier level, the payout at maturity will be the threshold settlement amount of $1,075 to $1,088 for each $1,000 principal amount. The exact digital return will be set at pricing.

Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 28 and settle on July 6.

The Cusip number is 46646EHN5.

© 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.