JPMorgan plans contingent buffered notes linked to indexes, EM ETF

By Angela McDaniels

Tacoma, Wash., Jan. 29 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Feb. 2, 2024 linked to a basket consisting of the S&P 500 index, the Euro Stoxx 50 index, the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The S&P 500 index has a 40% weight in the basket, and each of the other components has a 20% weight.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus at least 1.435 times the basket return. The exact upside leverage factor will be set at pricing.

If the final basket level is equal to the initial basket level or is less than the initial basket level by up to 40%, the payout will be par.

If the final basket level is less than the initial basket level by more than 40%, investors will be fully exposed to the basket’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price Jan. 30.

The Cusip number is 48130WTU5.

© 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.