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JPMorgan plans capped notes with 95% floor tied to S&P 500, Russell
By Sarah Lizee
Olympia, Wash., Nov. 12 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due Nov. 30, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index finishes above its initial level, the payout at maturity will be par plus the gain of the worse performing asset up to a maximum return of at least 16%.
If either asset falls, the payout will be par plus the return of the worse performing index with a minimum payout of 95% of par.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 30.
The Cusip number is 48130UZ40.
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