By Angela McDaniels
Tacoma, Wash., Sept. 13 – JPMorgan Chase Financial Co. LLC priced $4.32 million of 0% capped dual directional buffered equity notes due Sept. 16, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus the return of the lesser-performing index, subject to a maximum return of 55%.
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 15% or if the final level of each index is equal to its initial level or is less than its initial level by up to 15%, 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 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
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 index: | Russell 2000 and S&P 500
|
| Amount: | $4,315,000
|
| Maturity: | Sept. 16, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than initial level, par plus return of lesser-performing index, subject to maximum return of 55%; 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 15% or if final level of each index is equal to initial level or is less than initial level by up to 15%, par plus absolute value of lesser-performing index’s return; if final level of either index is less than initial level by more than 15%, 1% loss for every 1% that lesser-performing index declines beyond 15%
|
| Initial levels: | 1,575.712 for Russell 2000 and 3,000.93 for S&P 500
|
| Pricing date: | Sept. 11
|
| Settlement date: | Sept. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132FCX2
|
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