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JPMorgan to price return notes linked to basket of 10 banking stocks
By Angela McDaniels
Tacoma, Wash., Aug. 5 – JPMorgan Chase & Co. plans to price 0% return notes due Aug. 24, 2016 linked to a basket of stocks, according to an FWP filing with the Securities and Exchange Commission.
The basket includes equal weights of the common stocks of Bank of America Corp., Citigroup Inc., Comerica Inc., First Republic Bank, KeyCorp, PNC Financial Services Group, Inc., Regions Financial Corp., SVB Financial Group, U.S. Bancorp and Wells Fargo & Co.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the index return multiplied by (c) 100.3%.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Aug. 7 and settle Aug. 12.
The Cusip number is 48125UK27.
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