JPMorgan announces plans to sell notes due 2023 on index, ETF basket

By Devika Patel

Knoxville, Tenn., Dec. 21 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due Dec. 29, 2023 linked to an equally weighted basket of three indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The underlying components are the S&P 500 index, the Euro Stoxx 50 index, the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund, each with a 25% weight each.

If the basket return is positive, the payout at maturity will be par plus at least 111% of the basket return, with the exact participation rate to be set at pricing.

If the basket is flat or falls, investors will lose 1% for each 1% decline of the basket from its initial level, subject to a minimum payout of $950 per $1,000 of notes.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WGY1) will price on Dec. 27 and settle on Jan. 2.

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