JPMorgan plans two-year buffered return enhanced notes on Russell

By Susanna Moon

Chicago, July 16 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered return enhanced notes due July 31, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 15%.

Investors will receive par if the index falls by up to 24% and will lose 1% for each 1% decline beyond the buffer, with the exact rate to be set at pricing.

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 48129MM86.

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