JPMorgan plans buffered return enhanced notes tied to commodity indexes

By Susanna Moon

Chicago, July 27 – JPMorgan Chase Financial Co. LLC plans to price buffered return enhanced notes due Aug. 3, 2020 linked to a basket of eight commodity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P GSCI Gold Index Excess Return with a 15% weight, S&P GSCI Silver Index Excess Return with a 15% weight, S&P GSCI Soybeans Index Excess Return with a 12% weight, S&P GSCI Wheat Index Excess Return with a 12% weight, S&P GSCI Sugar Index Excess Return with a 12% weight, S&P GSCI Corn Index Excess Return with a 12% weight, S&P GSCI Copper Index Excess Return with a 12% weight and S&P GSCI Aluminum Index Excess Return with a 11% weight.

The payout at maturity will be par plus 1.25 times any basket gain.

Investors will receive par if the basket falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 29 and settle on Aug. 3.

The Cusip number is 46646EQL9.

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