JPMorgan plans buffered PLUS with cap tied to S&P GSCI Copper

By Susanna Moon

Chicago, Oct. 25 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered Performance Leveraged Upside Securities due Jan. 6, 2022 linked to the S&P GSCI Copper Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of at least 48%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

The notes will price on Oct. 31.

The Cusip number is 46647MPF4.

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