JPMorgan plans dual directional notes linked to MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., July 22 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional buffered equity notes due Aug. 4, 2022 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum upside return of 30%.

If the final index level is less than the initial index level by up to the buffer amount, the payout will be par plus 50% of the absolute value of the index return. The buffer amount is expected to be at least 24% and will be set at pricing.

If the final index level is less than the initial index level by more than the buffer amount, investors will lose 1% for every 1% that the index declines beyond the buffer amount.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price July 30.

The Cusip number is 48132C6U2.

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