JPMorgan plans dual directional trigger PLUS tied to Russell

By Sarah Lizee

Olympia, Wash., Sept. 19 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 23, 2022 linked to the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, capped at par plus 27.1%. If the index declines by 20% or less, the payout will be par plus the absolute value of the index return. If the index declines by more than 20%, investors will lose 1% for every 1% that the index declines from its initial level.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes will price on Sept. 20.

The Cusip number is 48132G641.

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