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JPMorgan to sell capped dual directional buffered notes on Russell
By Sarah Lizee
Olympia, Wash., Jan. 24 – JPMorgan Chase Financial Co. LLC plans to sell 0% capped dual directional buffered equity notes due Feb. 12, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any index gain, capped at par plus 7%.
If the index falls by up to 14.5%, the payout will be par plus the absolute value of the index return. If the index falls by more than 14.5%, investors will lose 1.16959% for each 1% decline of the index beyond 14.5%.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48130WTL5) are expected to price on Jan. 25.
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