By Marisa Wong
Morgantown, W.Va., April 10 – JPMorgan Chase Financial Co. LLC priced $825,000 of 0% uncapped dual directional notes due March 31, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 31%.
If the final index level is less than the initial index level by up to 30%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial index level by more than 30%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional notes
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| Underlying index: | S&P 500 index
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| Amount: | $825,000
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| Maturity: | March 31, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
|
| Payout at maturity: | If the final index level is greater than or equal to the initial index level, par plus the greater of the index return and 31%; if the final index level is less than the initial index level by up to 30%, par plus the absolute value of the index return; if the final index level is less than the initial index level by more than 30%, 1% loss for every 1% that the final index level is less than the initial index level
|
| Initial value: | 2,358.57
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| Pricing date: | March 28
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| Settlement date: | March 31
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.53485%
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| Cusip: | 46646QQ32
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