By Sarah Lizee
Olympia, Wash., July 25 – JPMorgan Chase Financial Co. LLC priced $900,000 of 0% capped dual directional buffered equity notes due Jan. 27, 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 30%.
If the final level of one index is greater than its initial level and the final level of the other index is equal to its initial level or is less than its initial level by up to 18% or if the final level of each index is equal to its initial level or is less than its initial level by up to 18%, 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 18%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 18%.
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: | $900,000
|
| Maturity: | Jan. 27, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus lesser-performing index’s return, subject to maximum upside return of 30%; if final level of one index is greater than initial level and final level of other index is equal to initial level or is less than initial level by up to 18% or if final level of each index is equal to initial level or is less than initial level by up to 18%, par plus absolute value of lesser-performing index’s return; if final level of either index is less than initial level by more than 18%, 1% loss for every 1% that lesser-performing index declines beyond 18%
|
| Initial levels: | 1,544.783 for Russell 2000 and 2,985.03 for S&P 500
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| Pricing date: | July 22
|
| Settlement date: | July 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132C6P3
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