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JPMorgan plans uncapped buffered return enhanced notes on S&P, Russell
By Susanna Moon
Chicago, July 12 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due Aug. 4, 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.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.2 times any gain of the worse performing index with a contingent minimum return of at least 28%.
If either index falls but by no more than 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the 30% buffer.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 31 and settle on Aug. 3.
The Cusip number is 46647MUV3.
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