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

By Tali Rackner

Norfolk, Va., Feb. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due Feb. 26, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus at least 1.1 times any index gain. The exact upside leverage factor will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 23 and settle on Feb. 28.

The Cusip number is 46646QXV2.

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