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JPMorgan to issue notes linked to relative performance of S&P, S&P Equal Weight
By Emma Trincal
New York, Aug. 18 – JPMorgan Chase Financial Co. LLC will issue 0% notes due Sept. 20, 2024 linked to the relative return of the S&P 500 Equal Weight index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The relative return is the return of the S&P 500 Equal Weight (the “long index”) minus the return of the S&P 500 index (the “short index.”).
If the relative return is positive, investors at maturity will receive par plus at least 120% of the relative return.
If the relative return is flat or negative, investors will receive par.
J.P. Morgan Securities LLC is the agent.
The notes were expected to price on Aug. 17 and to settle on Aug. 22.
The Cusip number is 48134AEY7.
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