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JPMorgan plans buffered return enhanced notes on Asian index basket
By Susanna Moon
Chicago, Sept. 1 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Sept. 28, 2012 based on a basket of equally weighted indexes, according to an FWP filing with the Securities and Exchange Commission.
The underlying indexes are the Hang Seng index, the Korea Stock Price Index 200, the MSCI Singapore index and the MSCI Taiwan index.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 20% to 24%. The exact cap will be set pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
The notes (Cusip 48124AC88) will price on Sept. 27 and settle on Sept. 30.
J.P. Morgan Securities Inc. is the agent.
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