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JPMorgan plans capped contingent buffered return notes tied to Stoxx
New York, April 4 – JPMorgan Chase Financial Co. LLC plans to price 0% capped contingent buffered return enhanced notes due April 9, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus at least 2.7 times the index gain, up to a maximum return of par plus 70%. The exact leverage factor will be set at pricing.
Investors will receive par if the index falls by up to the 30% contingent buffer and will be fully exposed to losses if it falls by more than the 30% contingent buffer.
J.P. Morgan Securities LLC is the agent.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will price on April 5 and settle on April 12.
The Cusip number is 48129MLM6.
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