By Sarah Lizee
Olympia, Wash., Aug. 12 – JPMorgan Chase Financial Co. LLC priced $947,000 of 0% capped dual directional buffered equity notes due Feb. 3, 2022 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a maximum upside return of 17%.
If the final level of one index is greater than its initial level and the final level of the other index is equal to its initial level or is less than its initial level by up to 10% or if the final level of each index is equal to its initial level or is less than its initial level by up to 10%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
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: | Capped dual directional buffered equity notes
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Underlying indexes: | S&P 500 and Nasdaq-100
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Amount: | $947,000
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Maturity: | Feb. 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above its initial level, par plus the lesser-performing index’s return, subject to a cap of 17%; if the final level of one index is greater than its initial level and the final level of the other index is equal to its initial level or is less than its initial level by up to 10%, or if the final level of each index is equal to its initial level or is less than its initial level by up to 10%, par plus the absolute value of the lesser-performing index’s return; if either index is less than its initial level by more than 10%, 1% loss for every 1% that the lesser-performing index declines beyond 10%
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Initial levels: | 3,271.12 for S&P, 10,905.88 for Nasdaq
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Buffer levels: | 90% of initial levels
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.45296%
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Cusip: | 48132MQJ3
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