JPMorgan plans uncapped contingent buffered equity notes on indexes

By Devika Patel

Knoxville, Tenn., Nov. 4 – JPMorgan Chase Financial Co. LLC plans to price uncapped contingent buffered equity notes due Nov. 16, 2021 linked to the lesser 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 worse-performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 39.25% to 45.25%, with the exact minimum return to be set at pricing.

Investors will receive par if the worse-performing index falls by up to 50% and will lose 1% for each 1% decline if the worst-performing index falls by more than the 50% contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646E3G5) will price on Nov. 10 and settle on Nov. 16.

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