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JPMorgan plans uncapped buffered return enhanced notes on Stoxx, EAFE ETF
By Tali Rackner
Norfolk, Va., March 17 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due March 28, 2019 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If each underlying asset finishes at or above its initial level, the payout at maturity will be par plus two times any gain of the lesser-performing asset.
If either asset declines by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing asset beyond the buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 24 and settle on March 31.
The Cusip number is 46646QMP7.
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