JPMorgan plans dual directional buffered review notes linked to crude

By Susanna Moon

Chicago, Oct. 22 – JPMorgan Chase & Co. plans to price 0% dual directional buffered review notes due April 27, 2017 linked to the S&P GSCI Crude Oil Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual premium of 20% if the index closes at or above its initial level on any quarterly review date.

If the index finishes at or above the 75% barrier level, the payout at maturity will be par plus 100% to 140% times the absolute value of the index return.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 23 and settle on Oct. 28.

The Cusip number is 48128GBA7.

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