JPMorgan plans contingent buffered autocallables tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 29 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable contingent buffered equity notes due Nov. 30, 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.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will be automatically called at par of $1,000 plus an annualized call premium of at least 9% if each asset closes at or above its initial level on an annual review date other than the final date.

The payout at maturity will be par plus any gain of the lesser-performing asset.

Investors will receive par if either asset falls by up to 50% and will otherwise lose 1% for each 1% decline of the lesser-performing asset.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 30 and settle on Dec. 5.

The Cusip number is 48130UW27.

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