JPMorgan plans dual directional notes linked to EAFE ETF, Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Jan. 29 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional contingent buffered return enhanced notes due Feb. 28, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund 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 underlier finishes above its initial level, the payout at maturity will be par plus at least 1.4 times the return of the lesser-performing underlier. The exact upside leverage factor will be set at pricing.

If (a) the final level of one underlier is greater than its initial level and the final level of the other underlier is equal to its initial level or is less than its initial level by up to 30% or if (b) the final level of each underlier is equal to its initial level or is less than its initial level by up to 30%, the payout will be par plus the absolute value of the lesser-performing underlier’s return.

If the final level of either underlier is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser-performing underlier declines from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price Feb. 25.

The Cusip number is 48130WUZ2.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.