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JPMorgan plans capped buffered return enhanced notes on Russell 2000
By Susanna Moon
Chicago, Aug. 31 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due March 31, 2014 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 19% to 23%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the underwriter.
The notes will price on Sept. 25 and settle on Sept. 28.
The Cusip number is 48125V4S6.
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