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JPMorgan plans contingent buffered return notes tied to two indexes
By Susanna Moon
Chicago, May 9 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due May 31, 2023 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 at or above its 120% upside threshold, the payout at maturity will be par plus 1.2 times the gain of the worse performing index over the contingent minimum return of at least 20%.
If either index falls by up to the 40% contingent buffer, the payout at maturity will be par plus 20%.
Otherwise, investors will lose 1% for each 1% decline 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 May 31.
The Cusip number is 48129MRD0.
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