By Susanna Moon
Chicago, June 27 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% dual directional contingent buffered equity notes due June 25, 2021 linked to the lesser performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index finishes above its initial, the payout at maturity will be par plus 5.1 times the gain of the worse performing asset up to a maximum return of 30%.
If either asset falls by up to the 25% contingent buffer, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional contingent buffered equity notes
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| Underlying indexes: | Russell 2000 and Dow Jones industrial average
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| Amount: | $1,005,000
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| Maturity: | June 25, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset gains, par plus 5.1 times return of worse performing asset, capped at 30%; if either asset falls by up to 25%, par plus absolute return of worse performing index; otherwise, 1% loss for each 1% decline of worse performing index
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| Initial levels: | 1,685.577 for Russell and 24,580.89 for Dow
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| Contingent buffer: | 25%
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| Pricing date: | June 22
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| Settlement date: | June 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48129M3T1
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