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JPMorgan plans buffered PLUS with 74% cap linked to index basket
By Susanna Moon
Chicago, July 12 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered Performance Leveraged Upside Securities due July 30, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the S&P 500 index with a 60% weight, the S&P MidCap 400 index with a 10% weight, the Russell 2000 index with a 10% weight, the MSCI EAFE index with a 10% weight and the MSCI Emerging Markets index with a 10% weight.
The payout at maturity will be par of $10 plus 120% of any basket gain, up to a maximum return of at least 74%.
Investors will receive par if the basket falls by up to 15% and will be exposed to any losses any beyond 15%.
J.P. Morgan Securities LLC is the agent with through Morgan Stanley Smith Barney LLC handling distribution.
The notes will price on July 27.
The Cusip number is 46646W193.
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