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JPMorgan plans dual directional trigger PLUS linked to S&P, Russell
By Susanna Moon
Chicago, Dec. 27 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Jan. 3, 2020 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus double the gain of the worse performing index up to a maximum return of 30%.
If either index falls but each index finishes at or above the 70% trigger level, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 29.
The Cusip number is 48128P415.
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