By Sarah Lizee
Olympia, Wash., April 29 – JPMorgan Chase Financial Co. LLC priced $1.6 million of 0% capped dual directional contingent buffered equity notes due April 30, 2025 tied to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes at or above the initial level, the payout at maturity will be par plus the return, capped at par plus 43.25%.
If the ETF falls but by no more than the 43.25% contingent buffer, the payout will be par plus the absolute value of the return.
If the ETF falls by more 43.25%, investors will lose 1% for each 1% decline of the ETF.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional contingent buffered equity notes
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $1.6 million
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| Maturity: | April 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus the return, capped at par plus 43.25%; if ETF falls but by no more than 43.25% contingent buffer, par plus absolute value of return; if ETF falls by more than 43.25%, investors will lose 1% for each 1% decline of the ETF
|
| Initial level: | $55.94
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| Contingent buffer: | 56.75% of initial level
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| Pricing date: | April 27
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| Settlement date: | April 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48132KYU3
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