JPMorgan to price capped buffered enhanced participation notes on S&P

By Sarah Lizee

Olympia, Wash., Sept. 24 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation equity notes due Nov. 10, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is greater than the initial level, the payout at maturity will be par plus 170% of the index return, subject to a maximum settlement amount that is expected to fall between $1,209.27 and $1,245.65 per $1,000 of notes and will be set at pricing.

Investors will receive par if the index stays flat or falls by up to 15% and will lose 1.1765% for each 1% decline in the index beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48132FA89) will price on Sept. 26.

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