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JPMorgan plans uncapped contingent buffered notes tied to two indexes
By Susanna Moon
Chicago, July 21 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered equity notes due July 27, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above the initial level, the payout at maturity will be par plus the greater of the return of the worse performing index and the contingent minimum return of at least 43%.
If either index falls by up to the 30% contingent buffer, the payout will be par.
If either index falls by more 30%, investors will be fully exposed to any losses of the worse performing index.
The notes will price on July 22 and settle on July 27.
The Cusip number is 46646EQD7.
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