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JPMorgan plans to price jump securities linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., June 25 – JPMorgan Chase Financial Co. LLC plans to price 0% jump securities due Oct. 1, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the upside payment, which is expected to be at least 18.4% and will be set at pricing.
If the final index level is less than the initial index level, investors will lose 1% for every 1% that the index declines from its initial level.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
The notes will price June 28.
The Cusip number is 48132E463.
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