JPMorgan plans uncapped buffered return enhanced notes on S&P, Russell

By Tali Rackner

Norfolk, Va., Feb. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped 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 will be guaranteed by JPMorgan Chase & Co.

If each index finishes at or above 130% of its initial level, the payout at maturity will be par plus a contingent minimum return of at least 30% plus 1.25 times any gain of the lesser-performing index beyond 30%.

If either index finishes positive but below its upside threshold level, or either declines by up to 30%, the payout will be par plus the contingent minimum return.

Otherwise, investors will be exposed to the decline 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 46646QZN8.

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