By Wendy Van Sickle
Columbus, Ohio, May 8 – JPMorgan Chase Financial Co. LLC priced $6.4 million of 0% capped dual directional buffered equity notes due April 30, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above the initial level, the payout at maturity will be the return of the lesser performing index up to a 25% maximum return.
If either index falls but by no more than the 15% buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing index beyond the 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 indexes: | Russell 2000 and S&P 500
|
| Amount: | $6,404,000
|
| Maturity: | April 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus return of lesser-performing index, up to 25% maximum return; if either index falls but by no more than 15% buffer, par plus absolute value of return of lesser-performing index; if either index falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing index beyond buffer
|
| Initial levels: | 2,945.83 for S&P, 1,591.211 for Russell
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.47201%
|
| Cusip: | 48132CAG8
|
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