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JPMorgan eyes capped buffered enhanced notes linked to five indexes
By Lisa Mayntz
Chicago, Feb. 17 – JPMorgan Chase Financial Co. LLC plans to price capped buffered enhanced participation basket-linked notes due Feb. 26, 2019 linked to the performance of an unequally weighted basket of five indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index (37.00% initial weight), the FTSE 100 index (23.00% initial weight), the Topix index (23.00% initial weight), the Swiss Market index (9.00% initial weight) and the S&P/ASX 200 index (8.00% initial weight).
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of between $1,324.15 and $1,381.15 per $1,000 principal amount of notes.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 21 and settle on Feb. 28.
The Cusip number is 46646QD36.
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