By Susanna Moon
Chicago, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $3.34 million of 0% dual directional contingent buffered equity notes due Oct. 20, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial, the payout at maturity will be par plus 1.44 times the gain.
If the asset 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.
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: | Uncapped dual directional contingent buffered equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $3,344,000
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| Maturity: | Oct. 20, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.44 times any asset gain; if asset falls by up to 30%, par plus absolute return; otherwise, 1% loss for each 1% decline
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| Initial level: | 3,194.41, closing level on Oct. 12
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| Contingent buffer: | 30%
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| Strike date: | Oct. 12
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| Pricing date: | Oct. 15
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| Settlement date: | Oct. 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48130UE84
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