JPMorgan plans uncapped contingent buffered notes tied to two indexes

By Wendy Van Sickle

Columbus, Ohio, Oct. 11 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered equity notes due Oct. 30, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each index finishes at or above at least 65% of its initial level, the payout at maturity will be par plus the greater of 1.1 times the return of the worse performing index and the contingent minimum return of at least 20%.

If either index falls by more 35%, investors will be fully exposed to any losses of the worse performing index.

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 46646EP63.

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