JPMorgan to price dual directional notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., March 26 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional buffered equity notes due April 16, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final share price is greater than the initial share price, the payout at maturity will be par plus the ETF return, subject to a maximum return of 7%. If the final share price is less than the initial share price by up to 15%, the payout will be par plus the absolute value of the ETF return. If the final share price is less than the initial share price by more than 15%, investors will lose 1.17647% for every 1% that the ETF declines beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price March 29.

The Cusip number is 48130WN80.

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