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JPMorgan eyes dual directional contingent buffered notes on Stoxx Europe
By Sarah Lizee
Olympia, Wash., Jan. 29 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional contingent buffered return enhanced notes due Feb. 18, 2022 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 2 times the index gain.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 20% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 15.
The Cusip number is 48130WUT6.
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