JPMorgan Chase Launches Capped Dual Directional Buffered Equity Notes Linked to Nasdaq-100 and S&P 500 Indices
JPMorgan Chase Financial Company LLC has launched Capped Dual Directional Buffered Equity Notes Linked to the Lesser Performing of the Nasdaq-100 Index and the S&P 500 Index. The notes are designed for investors seeking capped, unleveraged exposure to any appreciation or depreciation of the lesser performing index.
The notes have a maximum upside return of 22.80% and a buffer amount of 20.00%. If the final value of either index is less than its initial value by more than the buffer amount, investors will lose some or most of their principal amount at maturity.
The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, with payments subject to the credit risk of the issuer and the guarantor, JPMorgan Chase & Co. The estimated value of the notes was $970.70 per $1,000 principal amount note when the terms were set.