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JPMorgan plans dual directional buffered notes tied to index, ETF
By Sarah Lizee
Olympia, Wash., March 25 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional buffered return enhanced notes due Oct. 8, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.3 times any gain of the lesser performing asset.
If either asset falls but the lesser performer declines by no more than the 15% buffer amount 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 15% the payout will be par less the loss of that asset beyond 15%.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 5.
The Cusip number is 48130WN56.
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