JPMorgan plans return optimization notes due 2017 tied to ETF basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 11 – JPMorgan Chase & Co. plans to price 0% return optimization securities due Jan. 20, 2017 linked to an equally weighted basket consisting of the iShares MSCI Emerging Markets exchange-traded fund and the SPDR Euro Stoxx 50 exchange-traded fund, according to an FWP filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 19% to 21.5%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on Dec. 17 and settle on Dec. 22.

The Cusip number is 48128A822.

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