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

By Angela McDaniels

Tacoma, Wash., Jan. 17 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due Jan. 30, 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 above its upper threshold value, 115% of its initial level, the payout at maturity will be par plus the greater of the contingent high minimum return and the return of the lesser-performing index. The contingent high minimum return is expected to be at least 53% and will be set at pricing.

If the final level of one index is more than 115% of its initial level and the final level of the other index is 60% to 115% of its initial level or if the final level of each index is 60% to 115% of its initial level, the payout will be par plus 15%.

If the final level of either index is less than 60% of its initial level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price Jan. 25.

The Cusip number is 48130WSU6.

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