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JPMorgan to price capped enhanced participation notes on index basket
By Toni Weeks
San Luis Obispo, Calif., March 9 – JPMorgan Chase & Co. plans to price 0% uncapped contingent buffered return enhanced notes due March 29, 2018 linked to an index basket containing the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Topix index with a 20% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 10% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the final basket level is greater than the initial level, the payout at maturity will be par plus 1.2 to 1.3 times the basket return. The exact participation rate will be set at pricing.
Investors will receive par if the basket falls by up to 20% and will be fully exposed to the decline if the basket falls by more than 20%.
The notes (Cusip: 48125UHZ8) will price March 26 and settle April 2.
J.P. Morgan Securities LLC is the agent.
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