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 capped daily observation knock-out notes tied to GM
By Toni Weeks
San Diego, Feb. 1 - JPMorgan Chase & Co. plans to price capped daily observation knock-out notes due Feb. 23, 2012 linked to the common stock of General Motors Co., according to an FWP filing with the Securities and Exchange Commission.
If the price of General Motors stock falls by more than 25% from its initial share price during the life of the notes, the payout at maturity will be par plus the stock return, which could be positive or negative. Otherwise, the payout will be the greater of the stock return and the contingent minimum return of at least 10.75%.
In either case, the payout will be subject to a maximum return of at least 20%. The exact minimum and maximum will be set at pricing.
The notes (Cusip: 48125XDA1) are expected to price on Feb. 4 and settle on Feb. 9.
J.P. Morgan Securities LLC will act as 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.