JPMorgan plans trigger performance notes linked to Energy Select SPDR

By Susanna Moon

Chicago, Feb. 8 – JPMorgan Chase & Co. plans to price 0% trigger performance securities due Feb. 26, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus 163% to 173% of the gain. The exact participation rate will be set at pricing.

If the fund falls but finishes at or above its trigger level, 75% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

The notes will price on Feb. 24 and settle on Feb. 29.

The Cusip is 48128A228.

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