By Susanna Moon
Chicago, May 31 – JPMorgan Chase Financial Co. LLC priced $1.12 million of 0% digital dual directional notes due May 27, 2021 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund finishes at or above its initial level, the payout at maturity will be the par plus the contingent digital return of 31.25%.
If the fund falls by up to the 20% contingent buffer, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
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: | Digital dual directional notes
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $1.12 million
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| Maturity: | May 27, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus 31.25%%; if fund falls by up to 20%, par plus absolute return; otherwise, 1% loss for each 1% decline
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| Initial level: | $46.49
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| Contingent buffer: | 20%
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| Pricing date: | May 23
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| Settlement date: | May 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
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| Cusip: | 48129MUJ3
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