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JPMorgan to price contingent buffered return enhanced notes on indexes
By Tali Rackner
Norfolk, Va., Jan. 5 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Jan. 29, 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 each index finishes above its 121% upside threshold level, the payout at maturity will be par plus 1.15 times the return of the worse performing index.
If each index falls by up to 35%, the payout will be par plus the contingent minimum return of at least 21%.
Otherwise, investors will be fully exposed to any losses of the worse performing index if either index falls by more than the contingent buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 26 and settle on Jan. 31.
The Cusip number is 46646QHS7.
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