JPMorgan plans contingent buffered return notes linked to two indexes

By Wendy Van Sickle

Columbus, Ohio, Oct. 11 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due Oct. 29, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If each index finishes above 60% of its initial level, the payout at maturity will be par plus 30% and plus an additional 1.2 times any appreciation of the worse performing index beyond 30%.

If either index falls by more than 40%, investors will be fully exposed to the decline of the lesser performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 46646EP55.

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