JPMorgan plans buffered return enhanced notes linked to Russell 2000

By Susanna Moon

Chicago, Aug. 1 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Aug. 31, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus double any index gain, up to a maximum return of 21% to 25%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 26 and settle on Aug. 31.

The Cusip number is 46646ERK0.

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