JPMorgan plans uncapped contingent buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 1 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due May 28, 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.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the contingent minimum return, which is expected to be at least 30% and will be set at pricing, and the index return. If the index falls by up to 25%, the payout will be par. If the index falls by more than 25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.

J.P. Morgan Securities LLC is the agent.

The notes will price May 31.

The Cusip number is 46646QRZ0.

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