By Sarah Lizee
Olympia, Wash., Sept. 20 – JPMorgan Chase Financial Co. LLC priced $4.8 million of 0% capped dual directional buffered equity notes due Sept. 22, 2022 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the return of the index, capped at par plus 30%.
If the index falls by up to the 23.25% buffer, the return will be par plus 50% of the absolute value of the return of the index.
If the index falls more than 23.25%, investors will lose 1% for each 1% decline of the index beyond the 23.25% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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 buffered equity notes
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Underlying index: | MSCI EAFE
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Amount: | $4,795,000
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Maturity: | Sept. 22, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above the initial level, par plus index return, capped at par plus 30%; if index declines by no more than 23.25%, par plus 50% of the absolute value of index return; otherwise, investors will lose 1% for each 1% decline beyond 23.25% buffer
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Initial level: | 1,902.29
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Buffer amount: | 23.25% of initial level
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Pricing date: | Sept. 17
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Settlement date: | Sept. 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48132FMN3
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