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JPMorgan plans contingent buffer notes tied to Russell, S&P Low Vol
By Susanna Moon
Chicago, July 2 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhance notes due July 31, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 Low Volatility High Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying asset finishes above its initial level, the payout at maturity will be par plus at least 2.1 times the gain of the worse performing asset.
If either asset falls by up to its 40% contingent buffer, the payout will be par.
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 July 26.
The Cusip number is 48129M5L6.
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