JPMorgan plans capped buffered equity notes on Dow, Nasdaq, S&P

By Sarah Lizee

Olympia, Wash., Aug. 27 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered equity notes due Sept. 3, 2021 linked to the lesser performing of the S&P 500 index, Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the return of the least performing index, capped at par plus 6.5%.

If any index falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 25%.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 28.

The Cusip number is 48132MG47.

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