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JPMorgan eyes trigger absolute return step securites due 2020 linked to Euro Stoxx 50
By Lisa Mayntz
Chicago, Feb. 23 – JPMorgan Chase Financial Co. LLC plans to price trigger absolute return step securities due Feb. 28, 2020 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 finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the step return of 48% to 52%.
If the index falls by up to the 70% downside threshold level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC Inc. are the agents.
The notes will price on Feb. 24 and settle on Feb. 28.
The Cusip number is 48129F200.
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