JPMorgan to price capped buffered return enhanced notes tied to S&P

By Sarah Lizee

Olympia, Wash., Nov. 5 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Nov. 14, 2023 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.

The payout at maturity will be par plus 1.25 times any index gain, capped at par plus at least 85%.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond the 20% buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WAS0) will price on Nov. 9 and settle on Nov. 19.

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