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JPMorgan to issue uncapped buffered return enhanced notes on index, ETF
By Emma Trincal
New York, April 1 – JPMorgan Chase Financial Co. LLC is expected to issue 0% uncapped buffered return enhanced notes due April 3, 2025 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 underlier gains, the payout at maturity will be par plus 1.9 times the return of the lesser-performing underlier.
If either underlier finishes flat or falls by up to 10%, the payout will be par.
If either underlier falls by more than 10%, investors will lose 1% for every 1% that the lesser-performing underlier declines beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The Cusip number is 48133DNW6.
The fee is 1.125%.
The notes were expected to price on March 31 and to settle on April 5.
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