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JPMorgan to price capped enhanced participation notes on index basket
By Devika Patel
Knoxville, Tenn., Sept. 21 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation notes due Oct. 2, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
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 payout at maturity will be par plus triple the basket gain, up to a maximum payout that will fall between $1,229.20 and $1,269.70 per $1,000 of notes and will be set at pricing.
Investors will receive par if the index declines by up to 10% and will lose 1% for each 1% decline beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 46646ED33) will price on Sept. 27 and settle Oct. 4.
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