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JPMorgan plans buffered enhanced participation notes on index basket
By Tali Rackner
Norfolk, Va., July 8 – JPMorgan Chase & Co. plans to price 0% capped buffered enhanced participation notes due Oct. 14, 2016 linked to an index basket containing 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, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.3 times any basket gain, up to a maximum amount that is expected to be between $1,131.30 and $1,153.40 per $1,000 principal amount. The exact maximum return will be set at pricing.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 9 and settle on July 16.
The Cusip number is 48125UYY2.
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