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JPMorgan plans uncapped buffered return enhanced notes on S&P, Euro Stoxx 50
By Emma Trincal
New York, Feb. 13 – JPMorgan Chase Financial Co. LLC planned to price 0% uncapped buffered return enhanced notes due Feb. 17, 2028 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus at least 2.75 times the return of the lesser-performing index. The exact leverage factor will be set at pricing.
If either index finishes flat or falls by up to 40% of its initial level, the payout will be par.
If either index falls by more than 40%, investors will lose 1% for every 1% that the lesser-performing index declines beyond the 40% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes were expected to price on Feb. 12 and settle on Feb. 18.
The Cusip number is 48132H6V9.
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