JPMorgan plans uncapped contingent buffered notes linked to S&P 500

By Susanna Moon

Chicago, Nov. 15 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due May 23, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of at least 60%.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index drops by more the contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 18 and settle on Nov 28.

The Cusip number is 46646E7L0.

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