JPMorgan eyes digital dual directional contingent buffered notes on Dow

By Sarah Lizee

Olympia, Wash., Aug. 2 – JPMorgan Chase Financial Co. LLC plans to price 0% digital dual directional contingent buffered notes due Aug. 9, 2029 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes above the initial level, the payout at maturity will be par plus 1.8325 times the return of the index.

If the index falls by up to 40%, the payout will be par plus the absolute value of the return of the index.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 5.

The Cusip number is 48132CV67.

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