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JPMorgan plans buffered return enhanced notes tied to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., June 13 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Dec. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus two times the index return, subject to a maximum return that is expected to be 20.5% to 24.5% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price June 28.
The Cusip number is48132CTL7.
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