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JPMorgan plans buffered enhanced participation notes linked to indexes
By Angela McDaniels
Tacoma, Wash., Nov. 5 – JPMorgan Chase & Co. plans to price 0% capped buffered enhanced participation notes due May 11, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes 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.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum payout of $1,193.50 to $1,226.50 for each $1,000 principal amount of notes. The exact maximum payout will be set at pricing. Investors will receive par if the basket falls by 10% or less and will lose 1.1111% for each 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Nov. 6.
The Cusip number is 48128GCF5.
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