By Kiku Steinfeld
Chicago, May 26 – JPMorgan Chase Financial Co. LLC priced $1.27 million of 0% capped dual directional buffered equity notes due May 31, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a maximum upside return of 9%.
If the final level of the lesser-performing is flat or falls by up to 10%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
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.
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| Issue: | Capped dual directional buffered equity notes
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| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,274,000
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| Maturity: | May 31, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus lesser-performing index’s return, subject to maximum upside return of 9%; if final level of lesser-performing index is equal to initial level or is less than initial level by up to 10%, par plus absolute value of lesser-performing index’s return; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 10%
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| Initial levels: | 4,181.17 for S&P, 2,266.449 for Russell
|
| Pricing date: | April 30
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| Settlement date: | May 5
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.27296%
|
| Cusip: | 48132TB39
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