JPMorgan plans dual directional buffered return enhanced notes on Stoxx, EAFE

By Sarah Lizee

Olympia, Wash., July 12 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional buffered return enhanced notes due July 30, 2021 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 are guaranteed by JPMorgan Chase & Co.

If each underlier finishes above its initial level, the payout at maturity will be par plus 1.37 times the lesser-performing underlier’s return.

If 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 15% or if the final level of each underlier is equal to its initial level or is less than its initial level by up to 15%, 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 15%, investors will lose 1% for every 1% that the lesser-performing underlier declines beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 31.

The Cusip number is 48132CZP1.

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