By Marisa Wong
Los Angeles, Oct. 5 – JPMorgan Chase Financial Co. LLC priced $5.5 million of 0% capped dual directional contingent buffered equity notes due Oct. 14, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus the gain, capped at 5%.
If the index finishes flat or falls by up to 26.74%, the payout will be par plus the absolute value of the index return. Otherwise, investors will be fully exposed to the index’s decline from the initial level.
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 contingent buffered equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $5.5 million
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| Maturity: | Oct. 14, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 5%; if index falls by up to 26.74%, par plus the absolute value of the index return; otherwise, full exposure to losses
|
| Initial level: | 3,236.92
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| Final level: | Average of index closing levels on five trading days ending Oct. 8, 2021
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| Pricing date: | Sept. 23
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| Settlement date: | Sept. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132PEN0
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