JPMorgan plans two-year buffered return enhanced notes on index, fund

By Susanna Moon

Chicago, July 27 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered return enhanced notes due Aug. 5, 2020 linked to a basket consisting of the iShares MSCI EAFE ETF and the S&P 500 index, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times any index gain, up to a maximum return of at least 19%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond the buffer, with the exact rate to be set at pricing.

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 48129MR57.

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