JPMorgan Chase Launches New Capped Dual Directional Buffered Return Enhanced Notes

JPMorgan Chase Financial Company LLC has launched a new structured investment product called Capped Dual Directional Buffered Return Enhanced Notes Linked to the Lesser Performing of the Dow Jones Industrial Average and the S&P 500 Index. The notes are designed for investors seeking a capped return of 1.25 times any appreciation, or a capped, unleveraged return equal to the absolute value of any depreciation, of the lesser performing index at maturity.

The notes have a maximum upside return of 23% and a buffer amount of 20%. This means that 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. However, the payout formula results in an effective cap of 20% on returns if the lesser performing index return is negative.

The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., but come with a credit risk. Investors should be willing to forgo interest and dividend payments and lose up to 80% of their principal amount at maturity.