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JPMorgan plans dual directional contingent buffered notes due 2018 on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 4 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered return enhanced notes due May 24, 2018 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 are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus the gain of the worse performing index.
If either index falls but each index falls by no more than 20%, the payout will be par plus the absolute value of the return of the worse performing index.
If either index falls by more than the contingent buffer, investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 25 and settle on May 31.
The Cusip number is 46646EBJ0.
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