JPMorgan plans capped contingent buffered notes linked to seven stocks

By Angela McDaniels

Tacoma, Wash., May 30 – JPMorgan Chase Financial Co. LLC plans to price 0% capped contingent buffered equity notes due June 4, 2021 linked to a basket of seven stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The equally weighted basket includes the common stock of Illumina, Inc., the common stock of Incyte Corp., the American Depositary Shares of Infosys Ltd., the ordinary shares of Jazz Pharmaceuticals plc, the common stock of Micron Technology, Inc., the common stock of Skyworks Solutions, Inc. and the common stock of Tesla, Inc.

If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum payment that is expected to be $2,200 to $2,300 per $1,000 principal amount of notes and will be set at pricing. If the basket remains flat or declines by up to 15%, the payout will be par. If the basket declines by more than 15%, investors will be fully exposed to the basket’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price May 31.

The Cusip number is 46647MDR1.

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