JPMorgan plans dual directional contingent buffered notes on S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, June 8 – JPMorgan Chase Financial Co. LLC plans to price dual directional contingent buffered return enhanced notes due June 28, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If both indexes gain, the payout at maturity will be par plus at least 1.25 times the gain of the lesser performing index.

If either index falls by up to the 30% contingent buffer, the payout will be par plus the absolute value of the lesser index return.

If either index falls by more than the contingent buffer, investors will be fully exposed to any losses of the worse performing index.

The notes will price on June 27 and settle on June 30.

The Cusip number is 46646EEU2.

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