JPMorgan plans uncapped buffered equity notes on three indexes

By Sarah Lizee

Olympia, Wash., May 18 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered equity notes due June 3, 2025 linked to the lesser performing of the S&P 500 index, Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of 38% and the least performing index’s return.

If any index falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 29.

The Cusip number is 48132KQ99.

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