JPMorgan plans return enhanced notes linked to S&P 500, Russell 2000

By Devika Patel

Knoxville, Tenn., April 19 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due April 26, 2022 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If each index finishes at or above its initial level, the payout at maturity will be par plus at least 1.4 times any gain of the lesser-performing index. The exact participation rate will be set at pricing.

If either index falls but finishes above the buffer level of 50% of its initial level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646QRA5) will price on April 21 and settle on April 26.

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