JPMorgan plans dual directional contingent buffered notes on ETFs

By Tali Rackner

Minneapolis, July 6 – JPMorgan Chase Financial Co. LLC plans to price uncapped dual directional contingent buffered return enhanced notes due July 10, 2020 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each fund finishes at or above its initial level, the payout at maturity will be par plus 1.1 times the gain of the lesser-performing fund.

If the lesser-performing fund falls by up to the 28% contingent buffer, the payout will be par plus the absolute value of the return of the lesser performing fund.

If either fund falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing fund from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price July 7 and settle on July 12.

The Cusip number is 46647MVR1.

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