JPMorgan plans to price PLUS linked to basket of four commodities

By Marisa Wong

Madison, Wis., Feb. 4 - JPMorgan Chase & Co. plans to price 0% PLUS due March 31, 2014 linked to a basket of commodities, according to an FWP filing with the Securities and Exchange Commission.

The basket components are gold with a 50% weight, Brent blend crude oil futures contracts with a 20% weight, corn futures contracts with a 20% weight and copper with a 10% weight.

If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, subject to a maximum return of 21% to 25% that will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip: 48126DMU0) are expected to price on Feb. 28 settle three business days after that.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.