JPMorgan plans uncapped contingent buffered notes on S&P, Russell

By Tali Rackner

Norfolk, Va., Feb. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Feb. 28, 2022 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 are guaranteed by JPMorgan Chase & Co.

If both indexes gain, the payout at maturity will be par plus at least 1.5 times the gain of the lesser-performing index.

If either index falls by up to the 50% contingent buffer, the payout will be par.

If either index falls by more than the contingent buffer, investors will be fully exposed to any losses of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 23 and settle on Feb. 28.

The Cusip number is 46646QZR9.

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