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JPMorgan plans dual directional contingent buffered notes on indexes
By Susanna Moon
Chicago, Jan. 4 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered return enhanced notes due Feb. 2, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If each index finishes above the initial level, the payout at maturity will be par plus 1.25 times the gain of the worse performing index up to a maximum return of 13%.
If either index falls but by no more than the 15% contingent buffer, the payout will be par plus the absolute value of the return of the worse performing index.
If either index falls by more 15%, investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 26 and settle on Jan. 31.
The Cusip number is 46646QHU2.
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