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JPMorgan plans uncapped contingent buffered notes on Russell, S&P
New York, July 31 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Aug. 31, 2022 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlying finishes above its initial level, the payout at maturity will be par plus at least 1.15 times the return of the lesser performing underlying. The exact upside leverage factor will be set at pricing.
If either underlying falls but neither falls by more than 50%, the payout will be par.
If either underlying falls by more than 50%, investors will lose 1% for each 1% decline of the worse performing underlying.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 31 and settle on Sept. 6.
The Cusip number is 48129MZ25.
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