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JPMorgan plans uncapped buffered return enhanced notes on Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – JPMorgan Chase & Co. plans to price 0% uncapped buffered return enhanced notes due Feb. 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.15 times any index gain, with the exact leverage factor to be set at pricing.
If the index drops by up to 20%, the payout will be par. Investors will lose 1% for every 1% the index declines beyond the 20% buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 24 and settle on Feb. 29.
The Cusip number is 48128GLQ1.
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