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JPMorgan intends to price capped buffer gears linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., July 2 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffer gears due July 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus double the gain, up to a maximum gain of 14.75% to 16.75%. The exact cap will be set at pricing.
If the index return is flat or falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline beyond 10%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes (Cusip: 48132E364) will price on July 26 and settle on July 31.
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