JPMorgan to price capped buffered notes linked to financial fund

By Angela McDaniels

Tacoma, Wash., Feb. 13 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered equity notes due Feb. 28, 2020 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the fund’s final share price is greater than its initial share price, the payout at maturity will be par plus the fund return, subject to a maximum return that is expected to be 38.75% to 40.75% and will be set at pricing. If the fund declines by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the fund declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price Feb. 23.

The Cusip number is 46646QLA1.

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