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JPMorgan to price uncapped contingent buffered notes on S&P, Russell
By Marisa Wong
Morgantown, W.Va., Nov. 27 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due Nov. 30, 2021 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the contingent minimum return, which will be at least 35% and will be set at pricing, and the return of the lesser performing index.
If either index falls but neither falls by more than 30%, the payout will be par.
If either index falls by more than 30%, investors will lose 1% for each 1% decline of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price Nov. 30.
The Cusip number is 48129HLS4.
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