JPMorgan plans buffered enhanced participation notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Feb. 12 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation equity notes due Feb. 18, 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 index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount that expected to be between $1,171.00 and $1,200.70 for each $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price Feb. 15.

The Cusip number is 48130WZN4.

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