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JPMorgan to price seven-year notes on S&P Economic Cycle index
By Marisa Wong
Morgantown, W.Va., April 23 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due April 30, 2025 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 315% to 330% of any index gain. The exact participation rate will be set at pricing.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent.
The notes will price April 25.
The Cusip number is 48129MKH8.
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