JPMorgan plans return enhanced notes linked to S&P 500, Russell 2000

By Devika Patel

Knoxville, Tenn., March 15 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due March 31, 2022 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 will be guaranteed by JPMorgan Chase & Co.

If the final value of each index is positive, the payout at maturity will be par plus an upside leverage factor of at least 1.4 times any gain in the lesser performing index. The exact upside leverage factor will be set at pricing.

If either index declines, but both indexes remain above 50% of their initial level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646QQ65) will price on March 28 and settle on March 31.

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