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JPMorgan to price uncapped contingent buffered notes on S&P, Stoxx
New York, April 4 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due April 12, 2023 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus at least 2.5 times the gain of the lesser performing index. The exact leverage factor will be set at pricing.
If either index falls but neither falls by more than 50%, the payout will be par.
If either index falls by more than 50%, investors will lose 1% for each 1% decline of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 6 and settle on April 12.
The Cusip number is 48129MLK0.
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