JPMorgan plans uncapped contingent buffered notes on index, ETF

By Marisa Wong

Morgantown, W.Va., Feb. 3 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Feb. 10, 2022 linked to the Russell 2000 index and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final level of each asset is greater than or equal to its initial level or less than its initial level but not by more than 50%, the payout at maturity will be par plus the greater of the return of the lesser performing asset and the contingent minimum return of at least 23.5% that will be set at pricing.

If either asset falls by more than 50%, investors will be fully exposed to the decline of the lesser performing asset.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price on Feb. 7.

The Cusip number is 46646QZY4.

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