By Taylor Fox
New York, March 24 – JPMorgan Chase Financial Co. LLC priced $2.61 million of 0% dual directional trigger Performance Leveraged Upside Securities due Oct. 5, 2022 linked to the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the gain, up to a maximum return of 37%.
If the fund falls by up to 20%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares Silver Trust
|
| Amount: | $2,612,830
|
| Maturity: | Oct. 5, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, up to a maximum return of 37%; if fund falls by up to 20%, par plus the absolute value of the return; otherwise, investors will be fully exposed to any losses
|
| Initial price: | $24.03
|
| Trigger value: | $19.224, 80% of initial price
|
| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48132Q128
|
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