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JPMorgan plans buffered return enhanced notes linked to index basket
By Susanna Moon
Chicago, Jan. 26 – JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Feb. 7, 2019 linked to a basket of indexes, according to an FWP with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the S&P MidCap 400 index with a 17% weight, the Russell 2000 index with an 8% weight, the MSCI EAFE index with a 17% weight and the MSCI Emerging Markets index with an 8% weight.
The payout at maturity will be par plus 1.25 to 1.35 times any gain in the basket.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 2 and settle on Feb. 5.
The Cusip number is 48127D6U7.
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