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JPMorgan to price capped buffered enhanced notes tied to index basket
By Sarah Lizee
Olympia, Wash., July 18 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation notes due July 22, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus triple any basket gain up to a maximum settlement amount of between $1,326.10 and $1,383.70 per $1,000 principal amount of notes. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 20 and settle on July 27.
The Cusip number is 48129MN36.
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