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JPMorgan plans uncapped contingent buffered equity notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., Aug. 18 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due Aug. 22, 2025 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 final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a contingent minimum return of 34.85%.
If the lesser performing index falls by up to 30%, the payout will be par.
If either index falls by more than 30% investors will lose 1% for every 1% that the least performing index declines from its initial level.
The agent is J.P. Morgan Securities LLC.
The notes will price on Aug. 19.
The Cusip number is 48132M6R7.
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