JPMorgan plans trigger performance securities linked to S&P 500

By Susanna Moon

Chicago, Aug. 5 – JPMorgan Chase & Co. plans to price 0% trigger performance securities due Aug. 29, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 90% and 99% of any index gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% trigger level.

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

The notes will price on Aug. 25 and settle on Aug. 28.

The Cusip number is 48127H604.

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