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JPMorgan eyes capped buffered return enhanced notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Nov. 19 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Dec. 2, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 250% of the return of the lesser performing index, capped at par plus 10%.
If either index falls by up to 10%, the payout at maturity will be par.
If either index falls by more than 10% investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 20.
The Cusip number is 48132F3P9.
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