Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Topix index > News item |
JPMorgan to price capped enhanced participation notes on index basket
By Devika Patel
Knoxville, Tenn., July 12 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation notes due Aug. 16, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% 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 any basket gain, up to a maximum payout that will fall between $1,219.90 and $1,258.30 per $1,000 of notes and will be set at pricing.
Investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 46647MWL3) will price July 14 and settle July 21.
© 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.