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JPMorgan plans capped buffered equity notes tied to Nasdaq, Russell
By Sarah Lizee
Olympia, Wash., Jan. 9 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered equity notes due Feb. 16, 2021 linked to the lesser performing of the Nasdaq-100 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, capped at par plus 19.7%.
If either asset falls by up to its 10% buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 10.
The Cusip number is 48132HSV5.
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