JPMorgan plans capped buffered return enhanced notes on Russell

By Sarah Lizee

Olympia, Wash., June 20 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due June 30, 2021 linked to 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 index closes at or above its initial value, the payout at maturity will be par plus 1.5 times any index gain, capped at par plus 17.5%.

If the index declines by up to at least a 20% buffer, the payout will be par. Investors will lose 1% for each 1% decline beyond the buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48132CWL3) will price on June 25.

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