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JPMorgan plans optimal entry return enhanced notes tied to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., June 23 – JPMorgan Chase & Co. plans to price 0% capped optimal entry return enhanced notes due Oct. 13, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The lookback level will be the index’s lowest closing level during the lookback observation period, which begins on the pricing date and will end on July 27.
If the final index level is greater than the lookback index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 12.4%. If the final index level is less than the lookback level, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent.
The notes will price June 26 and settle July 1.
The Cusip number is 48125UXX5.
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