JPMorgan plans digital dual directional buffered notes on Apple

By Marisa Wong

Morgantown, W.Va., Sept. 15 – JPMorgan Chase Financial Co. LLC plans to price 0% digital dual directional contingent buffered notes due Oct. 4, 2017 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final share price is greater than or equal to the initial share price or has declined from the initial share price by no more than 15%, the payout at maturity will be par plus 12%.

If the final share price is less than the initial share price by more than 15%, investors will lose 1% for every 1% that the final share price is less than the initial share price.

J.P. Morgan Securities LLC is the agent.

The notes will price Sept. 16.

The Cusip number is 46646EA36.

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