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JPMorgan to price buffered return enhanced notes tied to Russell 2000
By Angela McDaniels
Tacoma, Wash., Aug. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Aug. 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 15%. The payout will be par if the index declines by up to the buffer amount, which is expected to be at least 19% and will be set at pricing. Investors will lose 1% for every 1% that the index may decline beyond the buffer amount.
J.P. Morgan Securities LLC is the agent.
The notes will price Aug. 28.
The Cusip number is 46647MMU4.
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