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JPMorgan plans capped buffered return enhanced notes tied to MSCI EM
Chicago, May 21 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Nov. 30, 2020 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final value is greater than the strike value, the payout at maturity will be par plus two times the index return, subject to a maximum return that is expected to be at least 22% 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%.
The strike date when the strike value will be determined is May 24.
J.P. Morgan Securities LLC is the agent.
The notes will price May 23 and settle on May 29.
The Cusip number is 48132CNA7.
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