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JPMorgan to price principal-protected notes linked to index basket
By Angela McDaniels
Tacoma, Wash., Feb. 19 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due July 12, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The basket includes the Euro Stoxx 50 index with a 42% weight, the FTSE 100 index with a 15% weight, the Hang Seng China Enterprises index with a 12% weight, the MSCI Emerging Markets index with a 10% weight, the Topix index with a 10% weight, the S&P/TSX 60 index with an 8% weight and the S&P/ASX 200 index with a 3% weight.
The payout at maturity will be par plus at least 105% of the basket return, subject to a minimum payout of par. The exact participation rate will be set at pricing.
J.P. Morgan Securities LLC is the agent.
The notes will price March 7.
The Cusip number is 48130W2J9.
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