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JPMorgan plans market-linked notes due 2024 tied to index basket
By Susanna Moon
Chicago, July 17 – JPMorgan Chase Financial Co. LLC plans to price 0% basket market-linked notes due Jan. 31, 2024 tied to a basket of indexes, according to a 424B2 filing 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 Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par plus 168% to 178% of any basket gain, with the exact participation rate to be set at pricing.
If the basket falls, the payout will be par.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 27.
The Cusip number is 48129N435.
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