JPMorgan plans capped contingent buffered notes on Hang Seng basket

By Susanna Moon

Chicago, Oct. 3 - JPMorgan Chase & Co. plans to price 0% capped contingent buffered notes due Oct. 23, 2013 linked to a basket of two equally weighted indexes, each converted into dollars, according to an FWP filing with the Securities and Exchange Commission.

The underlying components are the Hang Seng China Enterprises index and the Hang Seng index.

The payout at maturity will be par plus any basket gain, up to a maximum return of at least 26.75%. The exact deal terms will be set at pricing.

Investors will receive par if the basket falls by up to 15% and will be fully exposed to any losses if the basket drops beyond the 85% barrier level.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price Oct. 5 and settle Oct. 11.

The Cusip number is 48126DCF4.

© 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.