JPMorgan plans dual directional contingent buffered notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., June 17 – JPMorgan Chase Financial Co. LLC plans to sell 0% uncapped dual directional contingent buffered equity notes due June 28, 2024 linked to the lesser performing of the S&P 500 index 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 each index gains, the payout at maturity will be par plus the greater of the return of the lesser performing index and the contingent minimum return of at least 28.5%. The exact contingent minimum return will be set at pricing.

If either index falls but neither loses by more than the contingent buffer of 30% then the payout at maturity will be par plus the absolute value of the return of the lesser performing index.

If the lesser performing index declines by more than 30% the payout will be par less the loss of that index from its initial value.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 25.

The Cusip is 48132CQG1.

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