JPMorgan plans trigger performance securities on Vanguard FTSE EM ETF

By Wendy Van Sickle

Columbus, Ohio, March 4 – JPMorgan Chase & Co. plans to price 0% trigger performance securities due March 31, 2021 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus 119% to 129% of the gain. The exact participation rate will be set at pricing.

If the fund falls but finishes at or above its trigger level, 75% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

The notes will price on March 28 and settle on March 31.

The Cusip is 48128B309.

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