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JPMorgan plans capped dual directional notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Sept. 16 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional buffered equity notes due Sept. 22, 2022 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum upside return that is expected to be at least 30% and will be set at pricing.
If the final index level is less than the initial index level by up to 23.5%, the payout will be par plus 50% of the absolute value of the index return.
If the final index level is less than the initial index level by more than 23.5%, investors will lose 1% for every 1% that the index declines beyond 23.5%.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price Sept. 17.
The Cusip number is 48132FMN3.
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