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JPMorgan plans to price capped trigger gears linked to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Oct. 27 – JPMorgan Chase Financial Co. LLC plans to price 0% capped trigger gears due Sept. 30, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, subject to a maximum return that is expected to be 56% to 60% and will be set at pricing. Investors will receive par if the index declines by 30% or less and will lose 1% for each 1% decline from its initial level if the index declines by more than 30%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes (Cusip: 48128P753) will price on Nov. 28 and settle on Nov. 30.
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