JPMorgan Chase Launches Uncapped Dual Directional Accelerated Barrier Notes Linked to Two Major Indices
JPMorgan Chase & Co. has announced the launch of a new type of structured investment note, called the Uncapped Dual Directional Accelerated Barrier Notes Linked to the Lesser Performing of the Invesco QQQ TrustSM, Series 1 and the S&P 500 Index.
The notes are designed for investors who seek an uncapped return of at least 1.089 times any appreciation of the lesser performing of the two indices, or a capped, unleveraged return equal to the absolute value of any depreciation of the lesser performing index at maturity (up to 35.00%) if the Final Value of each Underlying is greater than or equal to 65.00% of its Initial Value.
The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which are fully and unconditionally guaranteed by JPMorgan Chase & Co.