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JPMorgan plans capped buffered return enhanced notes on Russell 2000
By Susanna Moon
Chicago, Jan. 15 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due July 30, 2015 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 index gain, up to a maximum return of 13% to 15%. 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 agent.
The notes are expected to price on Jan. 27 and settle on Jan. 30.
The Cusip number is 48126NX93.
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