JPMorgan to sell capped dual directional notes tied to S&P 500 index

By Devika Patel

Knoxville, Tenn., Oct. 8 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional contingent buffered equity notes due Jan. 14, 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 final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum payout of at least 10.75%. The exact cap will be set at pricing.

If the final index level is equal to the initial level or falls by up to the 15% buffer, the payout will be par.

If the final index level is less than the initial level by more than 15%, investors will lose 1% for every 1% that the index declines from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48132FVS2) will price on Oct. 11 and settle on Oct. 17.

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