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JPMorgan plans buffered return enhanced notes tied to S&P GSCI index
By Susanna Moon
Chicago, Sept. 16 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered return enhanced notes due Sept. 30, 2019 linked to the S&P GSCI Index Excess Return, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 2 times any gain in the index, up to a maximum return of at least 36%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 27 and settle on Sept. 30.
The Cusip is 46646EZJ4.
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