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JPMorgan plans capped buffered enhanced participation notes on S&P
By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation equity notes due Jan. 22, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial level, the payout at maturity will be par plus 160% of the index return, subject to a maximum settlement amount that is expected to fall between $1,251.68 and $1,295.36 per $1,000 of notes and will be set at pricing.
Investors will receive par if the index stays flat or falls by up to 15% and will lose 1.1765% for each 1% decline in the index beyond 15%.
J.P. Morgan Securities LLC is the agent. The notes (Cusip: 48130WCZ2) will price on Nov. 20 and
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