JPMorgan plans uncapped contingent buffered equity notes on S&P 500

By Devika Patel

Knoxville, Tenn., July 5 – JPMorgan Chase Financial Co. LLC plans to price uncapped contingent buffered equity notes due Aug. 5, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return, which is expected to be at least 27% and will be set at pricing.

Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline of the index from its initial level if the index falls by more than the 25% contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46647MUT8) will price on July 31 and settle on Aug. 3.

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