By Taylor Fox
New York, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% capped dual directional buffered equity notes due Feb. 25, 2022 linked to the Russell 2000 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, subject to a maximum return of par plus 13%.
If the index falls not more than 12.8%, the return will be par plus the absolute value of the return of the index.
If the index falls more than 12.8%, investors will lose 1.14679% for each 1% decline of the index beyond the 12.8% buffer.
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: | Russell 2000 index
|
| Amount: | $2.5 million
|
| Maturity: | Feb. 25, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above the initial level, par plus index return, subject to cap of par plus 13%; if index declines by no more than 12.8%, par plus the absolute value of index return; otherwise, investors will lose 1.14679% for each 1% decline of index beyond 12.8% buffer
|
| Initial level: | 1,978.045
|
| Buffer level: | 87.2% of initial level
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.1%
|
| Cusip: | 48132PY81
|
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