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JPMorgan plans uncapped buffered return enhanced notes tied to Stoxx
By Wendy Van Sickle
Columbus, Ohio, May 16 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due June 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial level, the payout at maturity will be par plus 1.65 times the gain.
If the asset falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 17.
The Cusip number is 48132CA29.
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