JPMorgan plans contingent buffered notes linked to S&P 500, Russell

By Angela McDaniels

Tacoma, Wash., Jan. 3 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due Jan. 31, 2024 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 will be guaranteed by JPMorgan Chase & Co.

If each index finishes at or above its initial level or declines from its initial level by up to 40%, the payout at maturity will be par plus the greater of the contingent minimum return and the return of the lesser-performing index. The contingent minimum return is expected to be at least 26% and will be set at pricing.

If the final level of either index is less than its initial level by more than 40%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 40%.

J.P. Morgan Securities LLC is the agent.

The notes will price Jan. 31.

The Cusip number is 48130WQL8.

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