Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for SPDR Gold Trust > News item |
JPMorgan plans principal-protected notes linked to index, index funds
By Susanna Moon
Chicago, June 21 - JPMorgan Chase & Co. plans to price zero-coupon principal-protected notes due July 14, 2015 based on the performance of a basket with an index and four index funds, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of S&P 500 index with a 50% weight, iShares Barclays TIPS Bond Fund with a 25% weight, the SPDR Gold Trust with a 10% weight, the iShares MSCI EAFE index fund with a 10% weight and the iShares MSCI Emerging Markets index fund with a 5% weight.
The payout at maturity will be par plus 130% to 150% of any gain in the basket, with the exact participation rate to be set at pricing.
Investors will receive at least par.
The notes are expected to price on July 9 and settle on July 14.
J.P. Morgan Securities Inc. is the agent.
© 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.