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JPMorgan plans dual directional contingent buffered notes on index, ETF
By Sarah Lizee
Olympia, Wash., Sept. 4 – JPMorgan Chase Financial Co. LLC plans to sell 0% uncapped dual directional contingent buffered return enhanced notes due Sept. 30, 2021 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If each asset gains, the payout at maturity will be par plus 1.7 times the return of the lesser performing asset.
If either asset falls but neither loses by more than the contingent buffer of 30% then the payout at maturity will be par plus the absolute value of the return of the lesser performing asset.
If the lesser performing asset declines by more than 30% the payout will be par less the loss of that asset from its initial value.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 28 and settle on Oct. 3.
The Cusip is 48130UGJ8.
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