JPMorgan plans to price 5.56% return notes linked to six currencies

By Angela McDaniels

Tacoma, Wash., Oct. 6 - JPMorgan Chase & Co. plans to price return notes due Oct. 20, 2011 linked to the performance of six currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of at least 5.56%, payable quarterly. The exact coupon will be set at pricing.

The basket includes the Brazilian real, New Turkish lira, Australian dollar and Indian rupee, each with a 20% weight, as well as the Indonesian rupiah and South African rand, each with a 10% weight.

The payout at maturity will be par plus the basket return, which will be positive if the basket appreciates relative to the U.S. dollar and negative if it depreciates relative to the U.S. dollar.

The notes (Cusip 48124AN29) are expected to price Oct. 18 and settle Oct. 21.

J.P. Morgan Securities LLC is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.