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JPMorgan plans contingent buffered return notes linked to two indexes
By Susanna Moon
Chicago, Dec. 5 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due Dec. 23, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If each index finishes above its 130% upside threshold level, the payout at maturity will be par plus 1.3 times the return of the worse performing index.
If each index falls by up to 40%, the payout will be par plus the contingent minimum return of at least 30%.
Otherwise, investors will be fully exposed to any losses of the worse performing index if either index falls by more than the contingent buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 20 and settle on Dec. 23.
The Cusip number is 46646QDH5.
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