JPMorgan eyes uncapped contingent buffered return notes on ETF, index

By Sarah Lizee

Olympia, Wash., April 4 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due April 28, 2023 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each underlier finishes above its initial level, the payout at maturity will be par plus the return of the lesser performing underlying times an upside leverage factor of at least 2.25, with the exact figure to be determined at pricing.

If either underlier falls but neither falls by more than 50%, the payout will be par.

If either underlier falls by more than 50%, investors will lose 1% for each 1% decline of the worse performing underlying.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 30.

The Cusip number is 48132CAA1.

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