JPMorgan to price capped buffered return enhanced notes on Dow

By Sarah Lizee

Olympia, Wash., Jan. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due July 29, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 9%.

If the index declines by up to 10%, the payout will be par. Investors will lose 1% for every 1% decline beyond the buffer.

The agent is J.P. Morgan Securities LLC.

The notes will price on Jan. 24.

The Cusip number is 48132HQA3.

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