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JPMorgan plans uncapped buffered return enhanced notes on the Dow
By Marisa Wong
Morgantown, W.Va., June 26 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due June 30, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index closes at or above its initial value, the payout at maturity will be par plus 1.025 to 1.125 times any index gain.
If the index declines by up to 20%, the payout will be par. Investors will be exposed to any losses beyond 20%.
The agent is J.P. Morgan Securities LLC.
The notes will price on June 27.
The Cusip number is 46647MGY3.
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