JPMorgan plans contingent interest notes linked to ETF Efficiente 5

By Susanna Moon

Chicago, Oct. 28 – JPMorgan Chase & Co. plans to price contingent annual interest notes due Nov. 12, 2021 linked to JPMorgan ETF Efficiente 5 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent annual coupon at a rate of at least 2% if the index closes at or above the initial level on the review date for that year.

The payout at maturity will be par plus at least 120% of any index gain.

If the index falls, the payout will be par.

The exact terms will be set at pricing.

The index level reflects the deduction of a fee of 0.5% per year that accrues daily.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 7 and settle on Nov. 13.

The Cusip number is 48127DN20.

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