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JPMorgan to price capped buffered enhanced notes on index basket
By Marisa Wong
Morgantown, W.Va., March 6 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation notes due April 4, 2019 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.
If the basket return is positive, the payout at maturity will be par plus 1.6 times the basket return, subject to a maximum settlement amount of $1,168.64 to $1,198.40 per $1,000 of notes. Investors will receive par if the basket declines by 12.5% or less and will lose 1.1429% for every 1% that it declines beyond 12.5%.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 7.
The Cusip number is 48129MCF1.
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