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JPMorgan plans uncapped buffered equity notes tied to index basket
By Wendy Van Sickle
Columbus, Ohio, March 23 – JPMorgan Chase & Co. plans to price 0% uncapped buffered equity notes due Oct. 24, 2019 linked to a weighted basket of indexes, according to an amended FWP filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Topix index with a 20% weight, the Swiss Market index with a 7% weight, the S&P/ASX 200 index with a 7% weight and the Hang Seng index with a 6% weight.
The payout at maturity will be par plus at least any basket gain.
Investors will receive par if the basket falls by up to the buffer, which will be at least 20% and will be set at pricing, and will lose at least 1.25% for every 1% basket decline beyond the buffer.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on April 20 and settle on April 25.
The Cusip number is 48129MFQ4.
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