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JPMorgan plans dual direction contingent buffer notes tied to S&P 500, Russell
By Susanna Moon
Chicago, Jan. 11 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional contingent buffered equity notes due Jan. 31, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the gain of the worse performing index and contingent minimum return of at least 28%.
If either index falls by up to 30%, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, 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 Jan. 26 and settle on Jan. 31.
The Cusip number is 48129HE45.
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