JPMorgan eyes contingent buffered return enhanced notes on stock basket

By Sarah Lizee

Olympia, Wash., June 14 – JPMorgan Chase Financial Co. LLC plans to price 0% capped contingent buffered return enhanced notes due June 20, 2024 linked to a basket of four stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The stocks are Citigroup Inc., Bank of America Corp., Morgan Stanley and Goldman Sachs Group, Inc., each with a 25% weight.

The payout at maturity will be par plus 1.47 times any gain in the basket, capped at $2,470 for each $1,000 of notes.

Investors will receive par if the basket falls by up to 25% and will be fully exposed to the decline of the basket if it falls by more than 25%.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 17.

The Cusip number is 48132CVN0.

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