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JPMorgan plans dual directional contingent buffer notes on two indexes
By Susanna Moon
Chicago, Sept. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered return enhanced notes due Oct. 1, 2021 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.
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 1.2 times the 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 40% 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 40%, 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 Sept. 28 and settle on Oct. 5.
The Cusip number is 46646EE73.
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