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JPMorgan plans notes with minimum payout linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Aug. 8 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due Feb. 28, 2023 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 the initial index level, the payout at maturity will be par plus at least 100% of the index return. The exact participation rate 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, subject to a minimum payout of $950 per $1,000 principal amount of notes.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price Aug. 27.
The Cusip number is 48132CJ20.
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