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JPMorgan to price autocallable buffered equity notes on Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Sept. 30 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable buffered equity notes due Oct. 5, 2022 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a call premium of between 10.03% and 11.77% per year if the index closes at or above its initial level on Oct. 9, 2020 or Oct. 1, 2021. The exact call premium will be set at pricing.
If the index gains or remains flat, the payout at maturity will be a payment of between $1,300.90 and $1,353.10 per $1,000 of notes, with the exact payment amount to be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48132FNX0) will price on Oct. 1 and settle on Oct. 8.
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