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JPMorgan plans to price uncapped dual directional notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – JPMorgan Chase & Co. plans to price uncapped dual directional notes due Feb. 26, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par any index gain.
If the index falls by up to 30%, the payout will be par plus the absolute value of the index return. If the index falls by more than 30%, investors will be fully exposed to the index decline.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 24 and settle on Feb. 29.
The Cusip number is 48128GMG2.
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