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JPMorgan plans four-year trigger step notes tied to Euro Stoxx Banks
By Susanna Moon
Chicago, Oct. 16 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger step securities due Oct. 29, 2021 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus the greater of gain and the step return of 54% to 58%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.
The notes will price on Oct. 27 and settle on Oct. 31.
The Cusip number is 48129J251.
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