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JPMorgan plans buffered return enhanced notes tied to index basket
By Wendy Van Sickle
Columbus, Ohio, May 11 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered return enhanced notes due May 29, 2019 linked to a basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The basket consists of 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.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.3 to 1.4 times any basket gain.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 23 and settle on May 26.
The Cusip number is 46646ECX8.
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