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JPMorgan plans buffered return enhanced notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., July 1 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Jan. 30, 2015 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return that is expected to be 14% to 18% and will be set at pricing. Investors will receive par if the index level declines by up to 10%. Otherwise, investors will lose 1% for every 1% that the final index level declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price July 26 and settle July 31.
The Cusip number is 48126NGW1.
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