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JPMorgan plans uncapped buffered equity notes tied to index basket
By Susanna Moon
Chicago, June 26 – JPMorgan Chase & Co. plans to price 0% uncapped buffered equity notes due Aug. 1, 2019 linked to a weighted basket of indexes, according to an amended FWP filing with the Securities and Exchange Commission.
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.
The payout at maturity will be par plus any basket gain.
Investors will receive par if the basket falls by up to the buffer, which will be 15% to 20% and will be set at pricing, and will lose 1% for every 1% basket decline beyond the buffer.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on July 28 and settle on July 31.
The Cusip number is 48125UYC0.
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