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JPMorgan plans uncapped buffered return enhanced notes on index, ETF
By Emma Trincal
New York., April 19 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due May 3, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus 1.92 times the gain of the worse performing asset.
If the lesser performing asset falls but by no more than 5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset beyond 5%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 28 and settle on May 3.
The Cusip number is 48132TVT0.
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