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JPMorgan plans buffered PLUS due 2016 linked to index, fund basket
By Susanna Moon
Chicago, Jan. 22 - JPMorgan Chase & Co. plans to price 0% buffered Performance Leveraged Upside Securities due July 28, 2016 linked to a basket of three indexes and an exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 50% weight, the FTSE 100 index with a 25% weight, the Topix index with a 10% weight and the iShares MSCI Emerging Markets ETF with a 15% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 22%.
Investors receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as the dealer.
The notes will price on Jan. 24 and settle three days later.
The Cusip number is 48127A211.
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