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JPMorgan plans capped buffered enhanced notes linked to index basket
By Susanna Moon
Chicago, Jan. 22 – JPMorgan Chase & Co. plans to price 0% capped buffered enhanced participation notes due Feb. 1, 2018 linked to a basket of five indexes, according to a 424B2 filed 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, subject to a maximum return of 25.05%.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 29 and settle on Feb. 5.
The Cusip number is 48128GKK5.
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