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JPMorgan plans capped buffered enhanced participation notes on basket
Chicago, Dec. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation notes due Dec. 23, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The notes will be guaranteed by JPMorgan Chase & Co.
If the basket level finishes above its initial level payout at maturity will be par plus five times any basket gain subject to a maximum settlement amount of between $1,307 and $1,360 per $1,000 principal amount of notes. The exact amount will be determined at pricing.
Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 20.
The Cusip number is 48130WLA7.
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