JPMorgan eyes dual directional buffered participation notes on Dow

By Sarah Lizee

Olympia, Wash., June 13 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional buffered participation securities due Jan. 5, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the index finishes above the initial level, the payout at maturity will be par plus the gain of the index, capped at par plus 10.8%.

If the index falls by up to 10%, the payout will be par plus the absolute value of the return of the index.

Otherwise, investors will lose 1% for each 1% loss of the index beyond the buffer.

J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes will price on June 28.

The Cusip number is 48132E612.

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