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JPMorgan plans dual directional contingent buffered notes on indexes
By Susanna Moon
Chicago, March 8 – JPMorgan Chase & Co. plans to price 0% capped dual directional contingent buffered return enhanced notes due March 31, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.23 times any index gain of the worse performing index.
If each index falls by no more than the 40% contingent buffer, the payout will be par plus the absolute value of the index return of the worse performing index.
If either index falls by more than the contingent buffer, investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 28 and settle on March 31.
The Cusip number is 48128GRF9.
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