JPMorgan plans capped buffered return enhanced notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., Nov. 21 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Nov. 28, 2025 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 final index level is greater than the initial index level, the payout at maturity will be par plus 1.21 times the index return, subject to a maximum return of 60%. Investors will receive par if the index declines by up to the buffer amount and will lose 1% for every 1% that it declines beyond the buffer amount, which is expected to be 20% and will be set at pricing.

J.P. Morgan Securities LLC is the agent.

The notes will price Nov. 22.

The Cusip number is 48132FQ66.

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