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JPMorgan plans dual directional trigger PLUS due 2019 tied to Stoxx 50
By Susanna Moon
Chicago, July 1 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Aug. 1, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus 2 times the gain, up to a maximum return of at least 40.7%. The exact cap will be set at pricing.
If the index falls by up to 20%, the payout will be par plus the absolute value of the return.
If the index finishes below the 80% trigger level, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 29.
The Cusip number is 46646W383.
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