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JPMorgan plans buffered return enhanced notes linked to Russell 2000
By Susanna Moon
Chicago, Sept. 31 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered return enhanced notes due March 29, 2019 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 24.5% to 28.5%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 27 and settle on Sept. 30.
The Cusip number is 46646EXD9.
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