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JPMorgan plans uncapped contingent buffer notes tied to two indexes
By Susanna Moon
Chicago, Aug. 17 – JPMorgan Chase Financial Co. LLC plans to price uncapped contingent buffered equity notes due Sept. 3, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 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 the greater of the gain of the worse performing and the contingent minimum return of 42.5%.
If either index falls by up to the 30% contingent buffer, the payout will be par.
Otherwise, investors will receive par plus the return of the worse performing index with full exposure to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 31.
The Cusip number is 46647M2C6.
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