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JPMorgan plans to price capped buffered PLUS linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered Performance Leveraged Upside Securities due May 18, 2018 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 final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 150% of the index return, subject to a maximum return of at least 15.22%.
If the index finishes flat or falls by no more than 10%, the payout will be par.
If the index falls by more than 10%, investors will lose 1% for every 1% decline beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
The notes are expected to price Feb. 15.
The Cusip number is 48128P118.
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