JPMorgan plans dual directional contingent buffered notes on indexes

By Devika Patel

Knoxville, Tenn., Dec. 17 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional contingent buffered return enhanced notes due Dec. 31, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each index finishes at or above its initial level, the payout at maturity will be par plus at least 1.2 times the gain of the worse performing index. The exact participation rate will be set at pricing.

If the worse performing index falls by up to the 25% contingent buffer, the payout will be par plus the absolute value of the lesser performing index return.

If either index falls by more than 25%, investors will lose 1% for each 1% decline of the worse performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WHH7) are expected to price on Dec. 27 and settle on Jan. 2.

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