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JPMorgan to price uncapped contingent buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 1 – JPMorgan Chase & Co. plans to price 0% uncapped contingent buffered equity notes due April 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the contingent minimum return and the index return. The contingent minimum return is expected to be 31% to 36% and will be set at pricing. If the index declines by up to 25%, the payout will be par. If the index declines by more than 25%, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price April 26.
The Cusip number is 48128GSG6.
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