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JPMorgan eyes capped buffered return enhanced notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., April 4 – JPMorgan Chase Financial Co. LLC intends to price 0% capped buffered return enhanced notes due July 31, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing index, subject to a maximum return of between 11.25% and 15.25%, with the exact cap to be set at pricing.
If either index falls but neither falls by more than 10%, the payout will be par.
If either index falls by more than 10%, investors will lose 1% for each 1% decline of the worse performing index beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48130WR52) will price on April 25.
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