By Sarah Lizee
Olympia, Wash., Nov. 4 – JPMorgan Chase Financial Co. LLC priced $1.38 million of 0% uncapped dual directional contingent buffered equity notes due Nov. 2, 2021 linked to the MSCI EAFE index, 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 the index gain.
If the index falls by up to 27.5%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 27.5% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered equity notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $1,376,000
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| Maturity: | Nov. 2, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; if index falls by up to 27.5%, par plus the absolute value of the index return; if index falls by no more than the 27.5% contingent buffer, otherwise investors will be fully exposed to any losses
|
| Initial value: | 1,946.49
|
| Buffer level: | 72.5% of initial level
|
| Pricing date: | Oct. 28
|
| Settlement date: | Oct. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132FZH2
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