JPMorgan plans uncapped contingent buffered equity notes on ETF, index

By Sarah Lizee

Olympia, Wash., Oct. 10 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due Oct. 19, 2023 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund 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 underlying finishes above its initial level, the payout at maturity will be par plus the greater of the return of the lesser performing underlying and 40%.

If either underlying falls but neither falls by more than 40%, the payout will be par plus 30%.

If either underlying falls by more than 40%, investors will lose 1% for each 1% decline of the worse performing underlying.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 16 and settle on Oct. 19.

The Cusip number is 48130U7E9.

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