JPMorgan plans digital dual directional notes tied to S&P 500

By Susanna Moon

Chicago, Aug. 10 – JPMorgan Chase Financial Co. LLC plans to price 0% digital dual directional contingent buffered notes due Nov. 15, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

If the index finishes at or above the 85% threshold level, the payout at maturity will be par plus the 7.9% contingent digital return.

If the index falls by more than the 15% contingent buffer, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will price on Aug. 12 and settle on Aug. 17.

The Cusip number is 46646EUL4.

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