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JPMorgan plans buffered return enhanced notes tied to fund, indexes
By Susanna Moon
Chicago, Sept. 27 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation equity notes due Oct. 25, 2018 linked to a basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE ETF with a 15% weight.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 15.5% to 19.5%.
Investors will receive par if the basket falls by up to 12% and will be exposed to any losses beyond 12%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 20 and settle on Oct. 25.
The Cusip number is 46646EF98.
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