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JPMorgan plans uncapped dual direction contingent buffer notes on S&P
By Susanna Moon
Chicago, April 25 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional notes due April 29, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 30%.
If the index falls by up to 30%, the payout will be par plus the absolute value of the return.
If the index falls by more than the 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 April 28 and settle on May 3.
The Cusip number is 46646Q3G8.
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