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JPMorgan to sell 1.65% protected notes on Alternative Multi-Strategy 5
By Marisa Wong
Milwaukee, June 9 - JPMorgan Chase & Co. plans to price 1.65% principal-protected notes due June 15, 2015 linked to the J.P. Morgan Alternative Index Multi-Strategy 5 (USD), according to an FWP filing with the Securities and Exchange Commission.
Interest is payable annually.
The payout at maturity will be par plus at least 150% of any index gain, with the exact participation rate to be set at pricing, all minus a threshold percentage of 8.7%.
Investors will receive at least par. For there to be an additional amount paid, the index has to appreciate at least 5.8%.
The notes are expected price on June 10 and settle on June 15.
J.P. Morgan Securities Inc. is the agent.
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