JPMorgan plans uncapped buffered return enhanced notes on Stoxx, EAFE ETF

By Emma Trincal

New York, Aug. 4 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due Sept. 5, 2025 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset gains, the payout at maturity will be par plus at least 2.05 times the return of the worst performing asset. The exact leverage factor will be determined at pricing. The payout will be par if the worst performing asset declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the worst performing asset declines beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 31 and settle on Sept. 6.

The Cusip number is 48133LXT4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.