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JPMorgan plans dual directional trigger participation notes on S&P
By Sarah Lizee
Olympia, Wash., Feb. 27 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional trigger participation securities due May 5, 2020 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus the index return, capped at par plus 11%.
If the index declines by 10% or less, the payout will be par plus the absolute value of the index return.
If the index declines by more than 10%, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price on March 15.
The Cusip number is 48130X430.
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