JPMorgan plans dual directional contingent buffered notes on indexes

By Susanna Moon

Chicago, April 7 – JPMorgan Chase & Co. plans to price dual directional contingent buffered return enhanced notes due April 30, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 1.225 times the gain of the worse performing index.

If either index falls but each index falls by no more than 30%, the payout will be par plus the absolute value of the 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 April 26 and settle on April 29.

The Cusip number is 48128GSL5.

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