JPMorgan plans capped buffered basket-linked notes tied to indexes

By Toni Weeks

San Luis Obispo, Calif., March 11 - JPMorgan Chase & Co. plans to price 0% capped buffered basket-linked notes due Sept. 17, 2015, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is comprised of equal weights of the MSCI EAFE index and the Russell 2000 index.

If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum settlement amount of $1,115 to $1,150 per $1,000 principal amount of notes. Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond the 10%buffer.

The notes (Cusip: 48127DAV0) are expected to price March 12 and settle March 19.

J.P. Morgan Securities LLC is the agent.

© 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.