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JPMorgan plans capped enhanced participation notes linked to indexes
By Angela McDaniels
Tacoma, Wash., April 5 – JPMorgan Chase & Co. plans to price 0% capped enhanced participation notes due July 10, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes 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.
If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, subject to a maximum payout of $1,285 to $1,333 for each $1,000 principal amount of notes. The exact maximum payout will be set at pricing. If the basket return is negative, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price April 7.
The Cusip number is 48128GSR2.
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