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JPMorgan plans capped enhanced participation notes on index basket
By Sarah Lizee
Olympia, Wash., Sept. 25 – JPMorgan Chase Financial Co. LLC plans to price 0% capped enhanced participation notes due Oct. 5, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus triple the basket gain, up to a maximum payout that will fall between $1,828.90 and $1,972.60 for each $1,000 of notes. The exact cap will be set at pricing.
Investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48130UMM4) will price on Oct. 1 and settle Oct. 9.
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