JPMorgan plans capped buffered return enhanced notes tied to basket

By Wendy Van Sickle

Columbus, Ohio, July 13 – JPMorgan Chase Financial Co. LLC plans to price capped buffered return enhanced notes due July 18, 2019 linked to a basket containing one index and four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the S&P 500 index with a 56% weight, the iShares MSCI EAFE exchange-traded fund with a 24% weight, the iShares Russell 2000 exchange-traded fund with a 7% weight, the SPDR S&P MidCap 400 exchange-traded fund trust with a 7% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 6% weight.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum payout of par plus 34% to 35%.

Investors will receive par if the basket falls by up to 30% and will lose 1.25% for each 1% decline beyond 20%.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 15.

The Cusip number is 46646EPN6.

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