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JPMorgan plans uncapped buffered return enhanced notes on Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., Feb. 3 – JPMorgan Chase & Co. plans to price 0% uncapped buffered return enhanced notes due Feb. 28, 2019 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus at least 112% of the index return, with the exact upside leverage factor to be set at pricing.
If the index finishes at or below the initial level but at or above the 85% trigger level, the payout will be par. If the index finishes below the 85% trigger level, investors will lose 1% for each 1% index decline beyond the 15% buffer.
The notes (Cusip: 48125UAX0) will price on Feb. 24 and settle on Feb. 27.
J.P. Morgan Securities LLC is the agent.
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