JPMorgan plans review notes on Brazilian real relative to the dollar

By Sarah Lizee

Olympia, Wash., Nov. 15 – JPMorgan Chase Financial Co. LLC plans to price review notes due Dec. 8, 2020 linked to the Brazilian real relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the Brazilian real remains flat or appreciates relative to the dollar on any quarterly review date, the notes will be automatically called at par plus 10.05% per year.

If the notes are not automatically called and the return of the Brazilian real is greater than or equal to the contingent buffer percentage, negative 20%, the payout will be par.

If the return of the Brazilian real is less than the contingent buffer percentage, investors will lose 1% for every 1% decline of the Brazilian real.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 19.

The Cusip number is 48130USR7.

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