JPMorgan plans trigger return optimization notes on Vanguard FTSE EM

By Tali Rackner

Norfolk, Va., March 16 – JPMorgan Chase & Co. plans to price 0% trigger return optimization securities due March 29, 2019 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus two times the fund return, subject to a maximum return that is expected to be 43% to 47% and will be set at pricing.

If the fund return is zero or negative and the final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.

If the final level is less than the trigger level, investors will have full exposure to the fund’s decline.

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

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

The Cusip number is 48128B804.

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