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JPMorgan plans uncapped dual directional contingent buffered notes on S&P
By Sarah Lizee
Olympia, Wash., Dec. 16 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional contingent buffered return enhanced notes due Dec. 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.32 times the index gain.
If the index falls by up to 30%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 30% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 20.
The Cusip number is 48132HJQ6.
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