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JPMorgan plans dual directional contingent buffered notes on indexes
By Tali Rackner
Norfolk, Va., Feb. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered return enhanced notes due Feb. 26, 2021 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 both indexes gain, the payout at maturity will be par plus at least 1.25 times the gain of the lesser-performing index.
If either index falls by up to the 30% contingent buffer, the payout will be par plus the absolute value of the lesser index return.
If either index falls by more than the contingent buffer, investors will be fully exposed to any losses of the lesser-performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 23 and settle on Feb. 28.
The Cusip number is 46646QZG3.
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