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JPMorgan plans contingent buffered return notes tied to index, fund
By Susanna Moon
Chicago, July 6 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due July 29, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index finishes above its initial level, the payout at maturity will be par plus at least 2.5 times the gain of the worse performing index.
If either underlying index falls by up to 50%, the contingent buffer, the payout will be par.
If either index falls by more than the contingent buffer, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 31.
The Cusip number is 48129MD94.
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