JPMorgan to price capped buffered return enhanced notes on stock basket

By Sarah Lizee

Olympia, Wash., Jan. 28 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Feb. 5, 2021 linked to an equally-weighted basket of the common stocks of Cisco Systems, Inc., Chevron Corp., Dow Inc., International Business Machines Corp., Coca-Cola Co., 3M Co., Pfizer Inc., Verizon Communications Inc., Walgreens Boots Alliance, Inc. and Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum payout of par plus 13.65%.

Investors will receive par if the basket falls by up to 5% and will lose 1% for each 1% decline beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 30.

The Cusip number is 48132HUF7.

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