JPMorgan eyes uncapped contingent buffered equity notes on indexes

By Devika Patel

Knoxville, Tenn., Sept. 26 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due Sept. 30, 2021 linked to the least 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 are guaranteed by JPMorgan Chase & Co.

If the worst-performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of at least 41%, with the exact minimum return to be set at pricing.

Investors will receive par if the worst-performing index falls by up to 30% and will lose 1% for each 1% decline from the initial level if the worst-performing index falls by more than the 30% contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46647MY64) will price on Sept. 29 and settle on Oct. 4.

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