JPMorgan eyes dual directional contingent buffered notes on indexes

By Sarah Lizee

Olympia, Wash., May 18 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional contingent buffered return enhanced notes due June 3, 2025 tied to the lesser performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 1.5 times the lesser performing index return.

If either index falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.

If either index falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 29.

The Cusip number is 48132KM69.

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