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

By Susanna Moon

Chicago, April 26 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due April 29, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes at or above its 130% upside threshold, the payout at maturity will be par plus 1.2 times the gain of the worse performing index over the contingent minimum return of at least 30%.

If each index gains by up to the upside threshold, the payout at maturity will be par plus the contingent minimum return.

If either index falls by up to 30%, the payout will be par.

If either index falls by more than the contingent buffer, investors will be fully exposed to the decline of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will price on April 28 and settle on May 3.

The Cusip number is 46646Q3F0.

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