JPMorgan Introduces Uncapped Dual Directional Buffered Return Enhanced Notes Linked to Major Indices
JPMorgan Chase & Co. has introduced a new financial product called Uncapped 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 who seek an uncapped return of 1.06 times any appreciation, or a capped, unleveraged return equal to the absolute value of any depreciation (up to the Buffer Amount of 15.00%), of the lesser performing index at maturity.
The notes will be issued by JPMorgan Chase Financial Company LLC and fully guaranteed by JPMorgan Chase & Co., with a minimum denomination of $1,000 and an estimated value of $987.80 per note when set.