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JPMorgan to price capped buffered enhanced notes linked to indexes
By Marisa Wong
Morgantown, W.Va., Sept. 28 – JPMorgan Chase & Co. plans to price 0% capped buffered enhanced participation notes due Oct. 5, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,210 to $1,240 for each $1,000 principal amount. The exact cap will be set at pricing
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 Sept. 30 and settle on Oct. 7.
The Cusip number is 48125U5G3.
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