JPMorgan plans buffered return enhanced notes tied to S&P 500, Russell

By Susanna Moon

Chicago, Sept. 31 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered return enhanced notes due Sept. 30, 2021 linked to lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes at or above the 125% upside threshold level, the payout at maturity will be par plus 1.25 times the gain of the worse performing index above the 25% contingent minimum return.

If each index finishes at or above the initial level but below the upper threshold, the payout at maturity will be par plus 25%.

If either index falls but by no more than the 30%, the payout will be par.

If either index falls by more 30%, investors will be exposed to any losses of the worse performing index beyond 30%.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 27 and settle on Sept. 30.

The Cusip number is 46646EYG1.

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