JPMorgan plans capped dual directional buffered notes on energy fund

By Wendy Van Sickle

Columbus, Ohio, Jan. 21 – JPMorgan Chase & Co. plans to price 0% capped dual directional buffered equity notes due Feb. 10, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus the fund gain, up to a maximum return of 150%.

If the index falls by up to 25%, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for every 1% the fund falls below the 75% trigger level.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 5 and settle on Feb 10.

The Cusip number is 48128GKQ2.

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