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JPMorgan plans uncapped contingent buffered equity notes on S&P 500
By Devika Patel
Knoxville, Tenn., Sept. 3 – JPMorgan Chase & Co. plans to price uncapped contingent buffered equity notes due Sept. 28, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 32.5% to 35.5%, with the exact minimum return to be set at pricing.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any loses if the index falls by more than the 30% contingent buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 23 and settle on Sept. 28.
The Cusip number is 48125U3X8.
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