JPMorgan plans capped buffered return enhanced notes on indexes, ETF

By Devika Patel

Knoxville, Tenn., Oct. 23 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Oct. 30, 2019 linked to a basket of two indexes and a fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The basket consists of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE exchange-traded fund with a 15% weight.

If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, up to a maximum payout that is expected to be between 11% and 14% and will be set at pricing. Investors will receive par if the basket declines by up to 15% and will lose 1% for each 1% decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48129HGE1) will price on Oct. 25 and settle on Oct. 30.

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