JPMorgan plans capped dual direction buffered notes tied to the Dow

By Susanna Moon

Chicago, Jan. 15 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional buffered equity notes due Aug. 5, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the underlying index finishes above its initial, the payout at maturity will be par plus the gain, up to a maximum upside return of at least 17%.

If the asset falls by up to 10%, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for each 1% decline beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 31.

The Cusip number is 48130X851.

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