By Susanna Moon
Chicago, March 9 – JPMorgan Chase Financial Co. LLC priced $735,000 of 0% dual directional contingent buffered return enhanced notes due Feb. 26, 2021 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus 1.4 times the return of the worse performing component.
If either component falls by up to the 30% contingent buffer, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Dual directional contingent buffered return enhanced notes
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Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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Amount: | $735,000
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Maturity: | Feb. 26, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each component gains, par plus 1.4 times return of worse performing component; if either component falls by up to 30%, par plus absolute return; otherwise, 1% loss per 1% decline of worst performing index or fund
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Initial levels: | $71.34 for fund, 3,441.46 for Stoxx
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Contingent buffer: | 30%
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48129H3Y1
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