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JPMorgan eyes capped dual directional buffered notes on two indexes
By Sarah Lizee
Olympia, Wash., June 11 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional buffered equity notes due June 30, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above the initial level, the payout at maturity will be par plus the return of the lesser performing index, capped at par plus 25.25%.
If either index is flat or falls but by no more than the 15% buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing index beyond the 15% buffer.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48132CSV6) will price on June 28.
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