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JPMorgan will price digital dual directional notes linked to Russell
By Devika Patel
Knoxville, Tenn., Dec. 20 – JPMorgan Chase Financial Co. LLC plans to price 0% digital dual directional contingent buffered notes due March 28, 2018 linked to Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final value of the index is greater than or equal to its initial level or has declined from its initial level by no more than 15%, the payout at maturity will be par plus the digital return of 11%.
If the final level of the index is less than the initial index level by more than 15%, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 46646QGE9) will price on Dec. 23 and settle on Dec. 29.
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