By Angela McDaniels
Tacoma, Wash., June 25 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% capped dual directional buffered equity notes due June 24, 2022 linked to the MSCI EAFE 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 30%.
If the final index level is less than the initial index level by up to 23.3%, the payout will be par plus 50% of the absolute value of the index return.
If the final index level is less than the initial index level by more than 23.3%, investors will lose 1% for every 1% that the index declines beyond 23.3%.
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 buffered equity notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $1,252,000
|
| Maturity: | June 24, 2022
|
| 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 30%; if final index level is less than initial index level by up to 23.3%, par plus 50% of absolute value of index return; if final index level is less than initial index level by more than 23.3%, 1% loss for every 1% that index declines beyond 23.3%
|
| Initial level: | 1,911.18
|
| Pricing date: | June 21
|
| Settlement date: | June 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132CWE9
|
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