JPMorgan plans contingent buffer autocalls tied to Stoxx 50, Russell

By Susanna Moon

Chicago, July 6 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable contingent buffered equity notes due July 31, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of at least 13.5% if each index closes at or above its initial level on any review date other than the final date.

If each underlying index finishes above its initial, the payout at maturity will be par plus the gain of the worse performing asset.

If either asset falls by up to the 50% 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 31.

The Cusip number is 48129M6Z4.

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