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JPMorgan plans to price bearish return notes on Nasdaq
By Emma Trincal
New York, Feb. 19 – JPMorgan Chase Financial Company LLC plans to price capped bearish return notes due March 28, 2022 linked to the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes negative, the payout at maturity will be par plus 1% for every 1% that the index declines, subject to a maximum return of 25%.
If the index return is positive, investors will lose 1% for each 1% that the index increases.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 23 and will settle on Feb. 26.
The Cusip number is 48132R5Q9.
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