JPMorgan plans dual directional notes linked to Euro Stoxx, EAFE ETF

By Angela McDaniels

Tacoma, Wash., June 13 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional buffered return enhanced notes due Dec. 31, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlier finishes above its initial level, the payout at maturity will be par plus at least 1.2 times the lesser-performing underlier’s return. The exact upside leverage factor will be set at pricing.

If the final level of one underlier is greater than its initial level and the final level of the other underlier is equal to its initial level or is less than its initial level by up to 10% or if the final level of each underlier is equal to its initial level or is less than its initial level by up to 10%, the payout will be par plus the absolute value of the lesser-performing underlier’s return.

If the final level of either underlier is less than its initial level by more than 10%, investors will lose 1% for every 1% that the lesser-performing underlier declines beyond 10%.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price June 25.

The Cusip number is 48132CQV8.

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