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JPMorgan plans uncapped contingent buffered notes on Stoxx 50, EAFE ETF
By Marisa Wong
Morgantown, W.Va., Nov. 27 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Nov. 30, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and 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 each underlying finishes above its initial level, the payout at maturity will be par plus at least 2.5 times the return of the lesser performing underlying.
If either underlying falls but neither falls by more than 50%, the payout will be par.
If either underlying falls by more than 50%, investors will lose 1% for each 1% decline of the worse performing underlying.
J.P. Morgan Securities LLC is the agent.
The notes will price Nov. 30.
The Cusip number is 48129HMB0.
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