By Marisa Wong
Los Angeles, Aug. 21 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% capped dual directional buffered equity notes due Sept. 3, 2021 linked to the Russell 2000 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 13.3%.
If the index finishes flat or falls by up to 10%, payout will be par plus the absolute value of the index return. Otherwise, investors will lose 1.11111% for every 1% index decline beyond the 10% buffer.
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: | Russell 2000 index
|
| Amount: | $2.5 million
|
| Maturity: | Sept. 3, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 13.3%; if index falls by up to 10%, par plus the absolute value of the index return; otherwise, 1.11111% loss for every 1% index decline beyond 10%
|
| Initial level: | 1,579.787
|
| Final level: | Average of index closing levels for five trading days ending Aug. 27, 2021
|
| Strike date: | Aug. 13
|
| Pricing date: | Aug. 14
|
| Settlement date: | Aug. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132M6J5
|
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