JPMorgan plans dual direction contingent buffer notes tied to indexes

By Susanna Moon

Chicago, July 5 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered return enhanced notes due July 31, 2020 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 each index finishes at or above the initial level, the payout at maturity will be par plus at least 1.3 times the return of the worse performing index.

If either index falls by up to the 32.5% contingent buffer, the payout will be par plus the absolute 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.

The notes will price on July 26 and settle on July 29.

The Cusip number is 46646EMM1.

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