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JPMorgan plans dual directional trigger PLUS due 2019 tied to Stoxx 50
By Susanna Moon
Chicago, Sept. 29 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Nov. 5, 2019 linked to the Euro Stoxx 50 index, according to a FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the initial level, the payout at maturity will be par plus 200% of the index gain, up to a maximum return of 56%.
If the index falls by up to 20%, the payout at maturity will be par plus the absolute value of the index 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 Oct. 31.
The Cusip number is 46646X175.
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