By Wendy Van Sickle
Columbus, Ohio, June 6 – JPMorgan Chase Financial Co. LLC priced $357,000 of 0% uncapped dual directional contingent buffered return enhanced notes due May 28, 2021 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above the initial level, the payout at maturity will be par plus 1.27 times the return of the lesser performing asset.
If either asset falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing asset.
If either asset falls by more 30%, investors will lose 1% for each 1% decline of the lesser-performing asset.
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: | Uncapped dual directional contingent buffered return enhanced notes
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| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
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| Amount: | $357,000
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| Maturity: | May 28, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.27 times return of the lesser-performing asset; if either asset falls but by no more than 30% contingent buffer, par plus absolute value of return of lesser-performing asset; if either asset falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing asset
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| Initial levels: | $68.79 for EAFE ETF, 3,428.14 for Euro Stoxx
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| Pricing date: | May 29
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| Settlement date: | May 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48129MPU4
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