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JPMorgan plans contingent buffered notes linked to Euro Stoxx Banks
By Sarah Lizee
Olympia, Wash., June 19 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due Dec. 26, 2019 linked to the Euro Stoxx Banks index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus at least 1.4125 times the gain. The exact participation rate will be set at pricing.
If the index falls by up to the 25% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on June 22 and settle on June 27.
The Cusip number is 48129M3W4.
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