Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase & Co. > News item |
JPMorgan plans knock-out notes linked to three indexes
By Jennifer Chiou
New York, Oct. 31 - JPMorgan Chase & Co. plans to price knock-out notes due Nov. 30, 2010 linked to a basket of three indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights of the S&P 500 index, the Nikkei 225 index and the Dow Jones Euro Stoxx 50 index.
If, during the life of the notes, any basket index closes below 60% of its initial level, the payout at maturity will be par plus the basket return.
Otherwise, the payout will be par plus the greater of the basket return and the contingent minimum return. The contingent minimum return will be set at pricing and will be at least 28%.
The notes will price on Nov. 27 and settle on Nov. 30.
J.P. Morgan Securities Inc. will be 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.