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JPMorgan to price capped enhanced participation notes on index basket
By Devika Patel
Knoxville, Tenn., Jan. 12 – JPMorgan Chase & Co. plans to price 0% capped buffered enhanced participation notes due July 21, 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 triple the basket gain, up to a maximum payout that will fall between $1,252 and $1,294 for each $1,000 principal amount of notes. The exact cap will be set at pricing.
Investors will be exposed to any declines.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48128GJK7) will price on Jan. 15 and settle Jan. 25.
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