JPMorgan plans insight notes linked to Covid-19 recovery stock basket

By Marisa Wong

Los Angeles, March 11 – JPMorgan Chase Financial Co. LLC plans to price 0% insight notes due May 5, 2022 linked to the J.P. Morgan Covid-19 recovery basket (Mar 2021) of 60 equally weighted reference stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The stocks represent 60 U.S.-listed companies that may benefit from a recovery from the Covid-19 pandemic.

The basket consists of Walt Disney Co., Bank of America Corp., Coca-Cola Co., Exxon Mobil Corp., Chevron Corp., Starbucks Corp., Caterpillar Inc., Boeing Co., American Express Co., Deere & Co., Goldman Sachs Group, Inc., Booking Holdings Inc., General Motors Co., HCA Healthcare, Inc., Eaton Corp. plc, DuPont de Nemours, Inc., Public Storage, Las Vegas Sands Corp., Dow Inc., Capital One Financial Corp., Ross Stores, Inc., Travelers Cos., Inc., Ford Motor Co., Best Buy Co., Inc., Hilton Worldwide Holdings Inc., Restaurant Brands International Inc., Southwest Airlines Co., Lennar Corp., Weyerhaeuser Co., Alexandria Real Estate Equities, Inc., Delta Air Lines, Inc., CBRE Group, Inc., SVB Financial Group, Synchrony Financial, CarMax, Inc., Extra Space Storage Inc., United Rentals, Inc., Mid-America Apartment Communities, Inc., Expedia Group, Inc., VICI Properties Inc., Royal Caribbean Cruises Ltd., Ulta Beauty, Inc., Raymond James Financial, Inc., MGM Resorts International, DaVita Inc., Caesars Entertainment, Inc., United Airlines Holdings, Inc., Wynn Resorts, Ltd., Iron Mountain Inc., Gap, Inc., Assurant, Inc., Planet Fitness, Inc., Alaska Air Group, Inc., Norwegian Cruise Line Holdings Ltd., Six Flags Entertainment Corp., Apollo Commercial Real Estate Finance, Inc., Dave & Buster’s Entertainment, Inc., International Flavors & Fragrances Inc. and Morgan Stanley.

The payout at maturity will be par plus the basket return with full exposure to losses.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price on March 31.

The Cusip number is 48129KAQ3.

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