JPMorgan plans capped dual directional contingent notes on Dow, Russell

By Sarah Lizee

Olympia, Wash., June 19 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional contingent buffered return enhanced notes due June 25, 2021 linked to the lesser performing of Dow Jones Industrial Average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final level of each index is greater than its initial level, the payout at maturity will be par plus at least 4.85 times the return of the lesser-performing index, subject to a maximum payout of $1,300 per $1,000 of notes.

If the final level of the lesser-performing index is equal to its initial level or less than its initial level by up to 25%, the payout will be par plus the absolute value of the lesser-performing index’s return.

If the final level of either index is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond the buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48129M3T1) are expected to price on June 22 and settle on June 29.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.