JPMorgan plans contingent buffer notes on Enhanced Beta Select Backwardation Alternative Benchmark

By Susanna Moon

Chicago, Sept. 19 - JPMorgan Chase & Co. plans to price contingent buffered notes due Sept. 25, 2023 linked to the J.P. Morgan Enhanced Beta Select Backwardation Alternative Benchmark Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 1.6 times any index gain. The exact upside leverage factor will be set at pricing.

Investors will receive par if the index falls by up to 50% and will be fully exposed to any loses if the index finishes below the 50% trigger level.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 20 and settle on Sept. 25.

The Cusip number is 48126D7H6.

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