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JPMorgan plans return notes tied to Enhanced Beta Select Backwardation
By Susanna Moon
Chicago, Nov. 19 - JPMorgan Chase & Co. plans to price 0% return notes due Nov. 27, 2018 linked to the J.P. Morgan Enhanced Beta Select Backwardation Alternative Benchmark Total Return index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be the return minus the investor fee, which accrues at a rate of 0.85% per year.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on Nov. 22 and settle on Nov. 27.
The Cusip number is 48126NTE7.
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