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JPMorgan plans dual direction contingent buffer notes tied to S&P 500
By Susanna Moon
Chicago, Aug. 24 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered return enhanced notes due Aug. 29, 2019 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 finishes at or above the initial level, the payout at maturity will be par plus 1.35 times the index gain.
If the index falls by up to the 14% contingent buffer, the payout will be par plus the absolute value of the return.
If the index falls by more 14%, investors will be fully exposed to any losses.
The notes will price on Aug. 26 and settle on Aug. 31.
The Cusip number is 46646EVY5.
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