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JPMorgan plans contingent buffered notes linked to S&P 500, Russell
By Susanna Moon
Chicago, Jan. 11 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due Jan. 31, 2025 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 at least 1.45 times the gain of the worse performing index.
If either index falls by up to 50%, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 26 and settle on Jan. 31.
The Cusip number is 48129HF85.
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