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JPMorgan to price uncapped buffered notes on Russell 2000, S&P 500
By Marisa Wong
Morgantown, W.Va., Nov. 20 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due Nov. 30, 2022 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlying finishes above its initial level, the payout at maturity will be par plus at least 1.05 times the gain of the worse performing component.
If either underlying falls but neither falls by more than the 25% buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 25%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 27.
The Cusip number is 48129HLD7.
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