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JPMorgan plans contingent return optimization notes linked to Russell
By Marisa Wong
Morgantown, W.Va., Sept. 4 – JPMorgan Chase & Co. plans to price 0% contingent return optimization securities due Sept. 28, 2018 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 or equal to the trigger level, 80% of the initial index level, the payout at maturity will be par of $10 plus the greater of 10% and the index return, subject to a maximum return that is expected to be 47% to 53% and will be set at pricing.
If the final index level is less than the trigger level, investors will lose 1% for every 1% that the final level is below the initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes are expected to price Sept. 25 and settle Sept. 30.
The Cusip number is 48127V181.
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