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JPMorgan plans capped buffered enhanced notes tied to index basket
By Wendy Van Sickle
Columbus, Ohio, Aug. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation equity notes due Sept. 5, 2018 linked to a basket of 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 Tokyo Stock Price 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 3 times any basket gain, up to a maximum settlement amount of $1,196.50 to $1,231 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
The exact deal terms will be set at pricing.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 30 and settle on Sept. 7.
The Cusip number is 46646EVH2.
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