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JPMorgan plans principal-protected notes linked to index, index funds
By Susanna Moon
Chicago, June 21 - JPMorgan Chase & Co. plans to price zero-coupon principal-protected notes due July 14, 2015 based on the performance of a basket with an index and four index funds, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of S&P 500 index with a 50% weight, iShares Barclays TIPS Bond Fund with a 25% weight, the SPDR Gold Trust with a 10% weight, the iShares MSCI EAFE index fund with a 10% weight and the iShares MSCI Emerging Markets index fund with a 5% weight.
The payout at maturity will be par plus 130% to 150% of any gain in the basket, with the exact participation rate to be set at pricing.
Investors will receive at least par.
The notes are expected to price on July 9 and settle on July 14.
J.P. Morgan Securities Inc. is the agent.
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