Chicago, Sept. 30 – JPMorgan Chase Financial Co. LLC priced $2.28 million of capped dual directional buffered equity notes due Aug. 31, 2022 linked to the lesser performing of 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.
The payout at maturity will be par plus 1.2 times the lesser performing index return, subject to a maximum upside return of 24%.
If either index falls, but not more than 15%, investors will receive par plus the absolute value of the lesser performing index.
Otherwise, investors will be exposed to the losses of the worst performer beyond the 15% 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
|
| Underliers: | Russell 2000 index and the S&P 500 index
|
| Amount: | $2,282,000
|
| Maturity: | Aug. 31, 2022
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2 times lesser performing index return if both finish above initial levels, subject to maximum payment of par plus 24%; if either index falls but not more than 15% investors receive par plus absolute index return of lesser performing index; exposure to losses of worst performer beyond 15% buffer
|
| Initial levels: | 1,456.039 for Russell and 2,869.16 for S&P 500
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132CH55
|
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