By Sarah Lizee
Olympia, Wash., April 29 – JPMorgan Chase Financial Co. LLC priced $1.69 million of 0% uncapped dual directional contingent buffered equity notes due April 30, 2021 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.
A knock-out event will occur if, on any day during the life of the notes, the index closes below 73% of its initial level.
If the final value of the index is greater than or equal to the initial level, regardless of whether or not a knock-out event has occurred, the payout will be par plus the index return.
If the final value is less than the initial level and a knock-out event has not occurred, the payout will be par plus the absolute value of the index return.
If the final value is less than the initial level and a knock-out event has occurred, the payout will be par plus the return of the index with full exposure to the decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,693,000
|
| Maturity: | April 30, 2021
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index gains, par plus the index return; if final level is less than initial level but index has never closed below 73% of initial level, par plus the absolute value of the index return; if final level is less than initial level and index has ever closed below 73% of initial level, par plus return with full exposure to decline
|
| Initial value: | 2,926.17
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132CCG6
|
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