JPMorgan plans capped dual direction contingent buffer notes on S&P

By Susanna Moon

Chicago, June 28 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional contingent buffered equity notes due Jan. 4, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the index finishes at or above the initial level, the payout at maturity will be par plus the gain up to a maximum return of 10%.

If the index falls by up to the 24.5% contingent buffer, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 30 and settle on July 6.

The Cusip number is 46646EKT8.

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