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JPMorgan to price dual directional trigger PLUS tied to Energy Select
By Sarah Lizee
Olympia, Wash., Jan. 10 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Jan. 21, 2022 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the gain, up to a maximum return of 45.15%.
If the fund falls by up to 25%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Jan. 18.
The Cusip number is 48130X844.
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