JPMorgan plans PLUS with cap due 2020 tied to index basket

By Susanna Moon

Chicago, Jan. 18 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered Performance Leveraged Upside Securities due Nov. 4, 2020 linked to a basket of four indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 50% weight, Tokyo Stock Price index with a 17.5% weight, Euro Stoxx 50 index with a 17.5% weight and MSCI Emerging Markets index with a 15% weight.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of at least $12.075 per $10 PLUS.

Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 31.

The Cusip number is 48130X760.

© 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.