JPMorgan to price uncapped dual directional buffered notes on the Dow

By Devika Patel

Knoxville, Tenn., April 18 – JPMorgan Chase Financial Co. LLC plans to sell 0% uncapped dual directional contingent buffered return enhanced notes due April 25, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus at least 1.18 times any index gain. The exact participation rate will be set at pricing.

If the index falls by up to 30%, the payout will be par plus the absolute value of the index return. If the index falls by more than 30%, investors will lose 1% for each 1% decline of the index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48129MKU9) are expected to price on April 20 and settle on April 27.

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