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JPMorgan plans dual directional trigger PLUS linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., June 2 - JPMorgan Chase & Co. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Jan. 7, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus at least 1.2 times the gain. The exact leverage factor will be set at pricing.
If the index falls by up to 35%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses if the index finishes below the 65% trigger level.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on June 30.
The Cusip number is 48127F244.
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