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JPMorgan to price contingent buffered return enhanced notes on Russell
By Toni Weeks
San Luis Obispo, Calif., March 3 – JPMorgan Chase & Co. plans to price 0% uncapped contingent buffered return enhanced notes due March 31, 2020 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus at least 100% of the index gain. The exact upside leverage factor will be set at pricing.
If the final index level is at least 50% of the initial level, the payout will be par.
If the index falls by more than 50%, investors will lose 1% for every 1% drop below the initial level.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price March 26 and settle March 31.
The Cusip number is 48125UHG0.
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