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JPMorgan to price uncapped contingent buffered equity notes on S&P
By Sarah Lizee
Olympia, Wash., Nov. 26 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due Nov. 29, 2024 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the worst-performing index finishes at or above its initial level, the payout will be par plus the return of the lesser performing index, subject to a contingent minimum return of 25.75%.
If either index falls by up to 70% of its initial level, the payout will be par.
Investors will lose 1% for each 1% decline from the initial level if the lesser performing index falls by more than the 30% contingent buffer.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48132F4P8) will price on Nov. 27.
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