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JPMorgan plans dual directional contingent buffered notes on S&P 500
By Marisa Wong
Morgantown, W.Va., March 26 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered equity notes due April 1, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus the index gain.
If the index falls by up to 20.5%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 20.5% contingent buffer, investors will be fully exposed to any losses.
The exact contingent buffer will be set at pricing but will be at least 20.5%.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 28.
The Cusip number is 48129MFG6.
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