JPMorgan plans capped contingent buffered return notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, July 21 – JPMorgan Chase & Co. plans to price 0% capped contingent buffered return enhanced notes due Aug. 2, 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 above its initial level, the payout at maturity will be par plus 2.15 times the worse performing index gain, up to a maximum return of 75%.

If either index falls by up to the 50% contingent buffer, the payout will be par. Investors will be fully exposed to losses of the worse performing index if it falls by more than the 50% contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes will price July 28 and settle Aug. 2.

The Cusip number is 46647MXZ1.

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