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JPMorgan plans dual directional trigger PLUS tied to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., July 12 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Feb. 5, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 183.5% of the index return. If the index declines by 35% or less, the payout will be par plus the absolute value of the index return. If the index declines by more than 35%, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price on July 31.
The Cusip number is 48132E414.
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