| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for FTSE 100 index > News item |
JPMorgan plans capped buffered enhanced notes linked to index basket
By Susanna Moon
Chicago, July 14 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation notes due Jan. 23, 2018 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.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum payout of $1,163.50 to $1,192.00 for each $1,000 principal amount of notes. The exact cap will be set at pricing.
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 July 18 and settle on July 25.
The Cusip number is 46646EPC0.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.