JPMorgan plans to price dual directional trigger PLUS linked to Apple

By Angela McDaniels

Tacoma, Wash., Nov. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due June 3, 2022 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 150% of the stock return, subject to a maximum return that is expected to be at least 33.5% and will be set at pricing.

If the final share price is less than or equal to the initial share price but greater than or equal to the trigger level, the payout will be par plus the absolute value of the stock return. The trigger level will be 80% of the initial share price.

If the final share price is less than the trigger level, investors will be fully exposed to the decline from the initial share price.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

The notes will price Nov. 29.

The Cusip number is 48132J603.

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