JPMorgan plans dual direction contingent buffered notes on two indexes

By Susanna Moon

Chicago, July 2 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered equity notes due July 30, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index finishes above its initial, the payout at maturity will be par plus at least 1.2 times the gain of the worse performing asset.

If either asset falls by up to the 20% contingent buffer, 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.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 26.

The Cusip number is 48129M5K8.

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