By Angela McDaniels
Tacoma, Wash., Oct. 21 – JPMorgan Chase Financial Co. LLC priced $350,000 of 0% capped dual directional contingent buffered equity notes due Nov. 4, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum upside return of 7%.
If the final index level is less than the initial index level by up to 18.44%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial index level by more than 18.44%, investors will lose 1% for every 1% that the index declines from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $350,000
|
| Maturity: | Nov. 4, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus index return, subject to maximum upside return of 7%; if final index level is less than initial index level by up to 18.44%, par plus absolute value of index return; if final index level is less than initial index level by more than 18.44%, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 3,579.41
|
| Final level: | Average of index’s closing levels on five trading days ending Oct. 30, 2020
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132FYN0
|
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