Chicago, March 18 – JPMorgan Chase Financial Co. LLC priced $875,000 of 0% capped dual directional contingent buffered equity notes due March 25, 2021 linked to 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 the index return is positive, the payout at maturity will be par plus the index gain, subject to a maximum return of 10%.
If the index falls by up to 15.76%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 15.76% contingent buffer, investors will lose 1.18708% for each 1% drop beyond the 15.76% buffer.
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: | Capped dual directional contingent buffered equity notes
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Underlying index: | S&P 500
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Amount: | $875,000
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Maturity: | March 25, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 10%; if index falls by up to 15.76%, par plus the absolute value of the index return; if index falls by more than 15.76%, 1.18708% loss for each 1% drop beyond the 15.76% buffer
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Initial level: | 2,746.56
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Contingent buffer level: | 84.24% of initial level
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Pricing date: | March 11
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Settlement date: | March 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132KHG3
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