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JPMorgan plans dual directional notes linked to EAFE ETF, Euro Stoxx
Chicago, Feb. 25 – 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 the final values of both assets are greater than their initial value, then the payout at maturity will be 1.85 times the return of the lesser performing asset.
If either asset finishes below the initial level but the lesser performing asset finishes above 70% of its initial level, the payout will be the absolute value of the lesser performing asset.
Otherwise, investors will be fully exposed to the losses of the lesser performing asset.
J.P. Morgan Securities LLC is the agent.
The notes will price Feb. 28.
The Cusip number is 48130WXY2.
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