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JPMorgan plans five-year contingent buffer notes on Stoxx, EAFE fund
By Susanna Moon
Chicago, Sept. 11 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due Sept. 29, 2023 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying asset finishes above its initial, the payout at maturity will be par plus at least 3.1 times the gain of the worse performing asset.
If either asset falls by up to the 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 28.
The Cusip number is 48130UGX7.
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