By Sarah Lizee
Olympia, Wash., July 24 – JPMorgan Chase Financial Co. LLC priced $208,000 of 0% capped dual directional contingent buffered return enhanced notes due July 23, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.25 times the index gain, up to a maximum payment of $1,310 per $1,000 of notes.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 20% contingent buffer, investors will be fully exposed to any losses.
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 return enhanced notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $208,000
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| Maturity: | July 23, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times any index gain, capped at $1,310 per $1,000 of notes; if index falls by up to 20%, par plus the absolute value of the index return; if index falls by more than the 20% contingent buffer, investors will be fully exposed to any losses
|
| Initial value: | 25,058.12
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| Pricing date: | July 20
|
| Settlement date: | July 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 48129MH74
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