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JPMorgan plans to price digital dual directional notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., Aug. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% digital dual directional notes due Aug. 31, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout will be par plus 17.75%.
If the final index level is less than the initial index level by up to 15%, the payout at maturity will be par plus the absolute value of the return of the index.
Otherwise, investors will lose 1% for every 1% that the final index declines beyond 15%.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price Aug. 26.
The Cusip number is 48132FDJ2.
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