JPMorgan plans to price capped buffered equity notes tied to Dow, S&P

By Devika Patel

Knoxville, Tenn., April 6 – JPMorgan Chase Financial Co. LLC plans to price capped buffered equity notes due July 10, 2020 linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus any gain in the worst-performing index, up to a maximum payout of at least 6.75%, with the exact maximum payout to be set at pricing.

Investors will receive par if the worst performing index falls, but not more than 15%.

Otherwise, investors will be exposed to the losses of the worst performer beyond the 15% buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48132KRS6) are expected to price on April 7 and settle on April 13.

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