JPMorgan plans capped dual directional buffered notes on Russell 2000

By Devika Patel

Knoxville, Tenn., Jan. 30 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional buffered equity notes due Feb. 20, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final level of the index is greater than its initial level, the payout at maturity will be par plus the return, subject to a maximum payout of $1,070 per $1,000 of notes.

If the final level is equal to the initial level, investors will receive par.

If the final level is less than the initial level by up to 14.8%, the payout will be par plus the absolute value of the return.

If the final level is less than the initial level by more than 14.8%, investors will lose 1.17371% for every 1% that the index declines beyond the 14.8% buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WUN9) are expected to price on Feb. 1 and settle on Feb. 6.

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