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JPMorgan to price capped enhanced participation notes on index basket
By Marisa Wong
Morgantown, W.Va., July 7 – JPMorgan Chase Financial Co. LLC plans to price 0% capped enhanced participation notes due Oct. 5, 2017 linked to a basket of five indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
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.
If the basket return is positive, the payout at maturity will be par plus three times the basket return, subject to a maximum payout of $1,264 to $1,309 for each $1,000 principal amount of notes. Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 8.
The Cusip number is 46646EMZ2.
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