JPMorgan plans dual directional contingent buffered notes on two ETFs

By Marisa Wong

Morgantown, W.Va., Nov. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional contingent buffered return enhanced notes due Nov. 30, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each fund finishes above its initial level, the payout at maturity will be par plus 1.4 times the gain of the worse performing fund.

If either fund falls but by no more than the 35% contingent buffer, the payout will be par plus the absolute value of the return of the worse performing fund.

If either fund falls by more 35%, investors will lose 1% for each 1% decline of the worse performing fund.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 27.

The Cusip number is 48129HNB9.

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