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JPMorgan eyes uncapped dual directional buffered notes on indexes
By Sarah Lizee
Olympia, Wash., Sept. 26 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional buffered return enhanced notes due Oct. 5, 2023 linked to the Dow Jones industrial average, 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 the initial level, the payout at maturity will be at least 100% of the return of the lesser performing index.
If either index falls but by no more than the 26% 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 26%, investors will lose 1% for each 1% decline of the lesser-performing index beyond the 26% buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 30.
The Cusip number is 48132FC61.
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