JPMorgan to price uncapped buffered equity notes tied to Russell, S&P

By Sarah Lizee

Olympia, Wash., Nov. 12 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered equity notes due Nov. 30, 2023 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.

If each underlying index finishes above its initial level, the payout at maturity will be par plus the gain of the worse performing asset with a contingent minimum return of at least 41%.

If either asset falls by up to its 20% buffer, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 30.

The Cusip number is 48130UY74.

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