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JPMorgan plans to price trigger PLUS linked to Euro Stoxx 50 index
By Marisa Wong
Morgantown, W.Va., Dec. 28 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger Performance Leveraged Upside Securities due Jan. 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 150% of the index return.
If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 75% of the initial index level.
If the index finishes below its trigger level, investors will be exposed to the index’s decline from its initial level.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price Dec. 29.
The Cusip number is 48128P381.
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