JPMorgan to price trigger PLUS tied to S&P, Euro Stoxx, Topix basket

By Devika Patel

Knoxville, Tenn., May 18 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger Performance Leveraged Upside Securities due June 3, 2020 linked to an equally weighted basket of the S&P 500 index, the Euro Stoxx 50 index and the Topix index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final level of the basket is greater than its initial level, the payout at maturity will be par of $10 plus 200% of the basket gain, subject to a maximum payout of $14.025 per PLUS.

If the basket falls but finishes at or above the 80% trigger level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline in the basket from its initial level.

J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 48129G208) will price on May 31 and settle three business days after pricing.

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