JPMorgan plans dual direction contingent buffer notes tied to indexes

By Susanna Moon

Chicago, Sept. 31 – JPMorgan Chase Financial Co. LLC plans to price price 0% dual directional contingent buffered return enhanced notes due Sept. 30, 2019 linked to lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes at or above the initial level, the payout at maturity will be par plus 1.22 times the index gain of the worse performing index.

If either index finishes at or above the initial level but each index falls by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the worse performing index.

If either index falls by more 30%, investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

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

The Cusip number is 46646EWU2.

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