JPMorgan plans uncapped contingent buffered notes tied to index, ETF

By Tali Rackner

Minneapolis, Aug. 28 – JPMorgan Chase Financial Co. LLC plans to price uncapped contingent buffered return enhanced notes due Sept. 2, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If each underlying asset finishes above its initial level, the payout at maturity will be par plus at least 2.55 times the return of the lesser-performing underlier.

If either asset falls by up to 50%, the payout will be par.

Otherwise, investors will receive par plus the return of the lesser-performing underlying asset with full exposure to any losses if it falls by more than the contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 30 and settle on Sept. 5.

The Cusip number is 46647MU68.

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