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JPMorgan plans contingent buffered return enhanced notes on index, ETF
By Sarah Lizee
Olympia, Wash., Aug. 31 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Sept. 29, 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes above its initial level, the payout at maturity will be par plus at least 2.6 times the return of the lesser-performing asset.
If either asset falls by up to 50% the payout will be par.
Otherwise, investors will be fully exposed to any losses of the lesser-performing asset if either asset falls by more than 50%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 25 and settle on Sept. 28.
The Cusip number is 48130UFA8.
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