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JPMorgan eyes contingent buffered return enhanced notes on indexes
By Sarah Lizee
Olympia, Wash., Jan. 30 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Feb. 29, 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.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.18 times the gain of the lesser performing index.
Investors will receive par if the lesser performing index falls by up to 50%.
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 Feb. 25.
The Cusip number is 48130WVG3.
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