JPMorgan plans two-year capped buffer gears on basket of 15 stocks

By Wendy Van Sickle

Columbus, Ohio, March 14 – JPMorgan Chase Financial Co. plans to price 0% capped buffer gears due March 26, 2020 linked to an equally weighted basket of 15 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The stocks include Comcast Corp., Dollar General Corp., Home Depot, Inc., O’Reilly Automotive, Inc., PulteGroup, Inc., Kinder Morgan, Inc., Charles Schwab Corp., CSX Corp., T.Rowe Price Group, Inc., UnitedHealth Group Inc., Centene Corp., Norfolk Southern Corp., Southwest Airlines Co. and Exelon Corp.

The payout at maturity will be par of $10 plus 1.5 times any basket gain, up to a maximum return of 15.5% to 17.85%.

Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond 10%.

The notes are guaranteed by JPMorgan Chase & Co.

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

The notes will price on March 23.

The Cusip number is 48129L538.

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