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JPMorgan to sell contingent buffered equity autocalls on indexes
Chicago, Feb. 26 – JPMorgan Chase & Co. plans to price 0% autocallable contingent buffered equity notes due Feb. 29, 2024 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 16% annual call premium if each index closes at or above its initial level on any annual review date other than the final date.
If each index finishes above its initial level, the payout at maturity will be par plus the gain.
If the either index falls but by no more than 40%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 28 and settle on March 5.
The Cusip number is 48130WYF2.
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