JPMorgan plans dual directional contingent buffered notes tied to S&P

By Angela McDaniels

Tacoma, Wash., June 28 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional contingent buffered equity notes due Jan. 4, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 10%. If the index declines by up to 24.5%, the payout will be par plus the absolute value of the index return. If the index declines by more than 24.5%, investors will lose 1% for every 1% that the final index level is less than the initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price June 30.

The Cusip number is 46646EKY7.

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