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JPMorgan plans uncapped contingent buffered equity notes on indexes
By Tali Rackner
Norfolk, Va., Oct. 28 – JPMorgan Chase Financial Co. LLC plans to price uncapped contingent buffered equity notes due Dec. 12, 2019 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the worst-performing index finishes at or above its initial level, the payout at maturity will be par plus the index return.
Investors will receive par if the lesser-performing index falls by up to 45% and will lose 1% for each 1% decline if the lesser-performing index falls by more than the 45% contingent buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 7 and settle on Nov. 10.
The Cusip number is 46646E2W1.
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