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JPMorgan eyes contingent buffered return enhanced notes on indexes
By Sarah Lizee
Olympia, Wash., Nov. 19 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Nov. 27, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout will be par plus at least 1.465 times any return of the lesser performing index.
If either index falls by up to 40%, 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 Nov. 21 and settle on Nov. 29.
The Cusip number is 48130WDD0.
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