JPMorgan plans to price capped notes linked to Russell 2000, S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 8 – JPMorgan Chase Financial Co. LLC plans to price 0% capped notes due Feb. 28, 2022 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than its initial level, the payout at maturity will be par plus the return of the lesser-performing index, subject to a maximum return that is expected to be at least 10% and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price Aug. 27.

The Cusip number is 48132CJ46.

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