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JPMorgan to price bear market PLUS linked inversely to Nasdaq-100
By Sarah Lizee
Olympia, Wash., April 16 – JPMorgan Chase Financial Co. LLC plans to price 0% bear market Performance Leveraged Upside Securities due Nov. 4, 2019 linked inversely to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is less than the initial index level, the payout at maturity will be par of $10 plus 3% for every 1% that the index declines, subject to a maximum return of 14.05%.
If the final index level is greater than or equal to the initial index level, the payout will be par minus 1% for every 1% that the index increases.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
The notes will price on April 30.
The Cusip number is 48130X158.
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