By Kiku Steinfeld
Chicago, May 16 – JPMorgan Chase Financial Co. LLC priced $1.2 million of 0% capped dual directional buffered equity notes due Oct. 6, 2022 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus the return of the worst performing index, capped at 10%.
If the worst performing index declines by no more than the 15% buffer, the payout will be par plus 0.5% for every 1% that the worst performing index declines.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
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 indexes: | Russell 2000 index and S&P 500 index
|
Amount: | $1,201,000
|
Maturity: | Oct. 6, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains, par plus worst performing index’s return, capped at par plus 10%; par plus 50% of absolute value of worst performing index return if it declines by no more than 15% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
|
Call: | Non-callable
|
Initial levels: | 2,204.372 for Russell, 4,307.54 for S&P
|
Cap: | 10%
|
Buffer: | 15%
|
Pricing date: | Sept. 30, 2021
|
Settlement date: | Oct. 5, 2021
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.40839%
|
Cusip: | 48132WZM4
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.