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JPMorgan plans capped buffered leveraged notes linked to S&P, Russell
By Angela McDaniels
Tacoma, Wash., March 28 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due April 3, 2018 linked to a basket consisting of the S&P 500 index with a 75% weight and the Russell 2000 index with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, up to a maximum return that is expected to be 13.5% to 16.5% and will be set at pricing. Investors will receive par if the basket declines by 15% or less and will lose 1% for every 1% that the basket declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
The notes will price March 29.
The Cusip number is 48128GRV4.
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