JPMorgan eyes uncapped contingent buffered equity notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., March 1 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due March 28, 2024 linked to the least 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.

If the worst-performing index finishes at or above 70% of its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of at least 28.5%, with the exact minimum return to be set at pricing.

Investors will lose 1% for each 1% decline from the initial level if the worst-performing index falls by more than the 30% contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130W6M8) will price on March 29.

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