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JPMorgan to price dual directional contingent buffered notes on index, ETF
By Sarah Lizee
Olympia, Wash., Sept. 20 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional contingent buffered return enhanced notes due March 31, 2023 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above the initial level, the payout at maturity will be par plus 1.32 times the return of the lesser performing asset.
If either asset falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing asset.
If either asset falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing asset.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 25.
The Cusip number is 48132FFK7.
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