JPMorgan plans bearish capped buffered return enhanced notes on S&P

By Sarah Lizee

Olympia, Wash., June 19 – JPMorgan Chase Financial Co. LLC plans to price 0% bearish capped buffered return enhanced notes due June 30, 2021 linked inversely 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 ending index level is less than the initial index level, the payout at maturity will be par plus the absolute index return multiplied by the downside leverage factor, 1.25, subject to the maximum return of at least 25%.

If the ending index level is equal to the initial index level or is greater than the initial index level by up to 10%, the payout will be par.

If the ending index level is greater than the initial index level by more than 10%, investors will lose 1% for every 1% that the ending index level is greater than the initial index level by more than 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 25.

The Cusip number is 48132CWJ8.

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