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JPMorgan plans contingent buffered return enhanced notes on index, ETF
By Sarah Lizee
Olympia, Wash., Oct. 24 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Oct. 31, 2024 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 asset finishes at or above its initial level, the payout at maturity will be par plus 2.3 times the gain of the lesser performing asset.
Investors will receive par if the lesser performing asset falls by up to 50%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 28.
The Cusip number is 48132FQH2.
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