JPMorgan plans uncapped contingent buffered notes on indexes, fund

By Sarah Lizee

Olympia, Wash., June 18 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due July 3, 2023 linked to the lesser performing of the S&P 500 index, the Dow Jones Industrial Average and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If each underlying asset finishes above its initial level, the payout at maturity will be par plus at least 1.68 times the return of the lesser-performing underlier.

If either asset falls by up to 50%, the payout will be par.

Otherwise, investors will receive par plus the return of the lesser-performing underlying asset with full exposure to any losses if it falls by more than the contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 28 and settle on July 3.

The Cusip number is 48129M3P9.

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