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JPMorgan to price trigger step securities linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, May 2 – JPMorgan Chase Financial Co. LLC plans to price trigger step securities due May 29, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the step return and the index return. The step return is expected to be 34% to 38% and will be set at pricing. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it declines beyond 25%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
The notes will price May 26 and settle May 31.
The Cusip number is 46646W102
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