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JPMorgan plans contingent buffered return enhanced notes linked to S&P
By Sarah Lizee
Olympia, Wash., Nov. 6 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Feb. 13, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.42 times the index return.
If the final index level is equal to the initial index level or is less than the initial index level by up to 30%, the payout will be par.
If the final index level is less than the initial index level by more than 30%, investors will lose 1% for every 1% that the index declines from the initial index level.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price Nov. 8.
The Cusip number is 48132FG83.
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