By Kiku Steinfeld
Chicago, April 6 – JPMorgan Chase Financial Co. LLC priced $1.36 million of 0% capped dual directional contingent buffered equity notes due March 31, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial strike level, the payout at maturity will be par plus the index return, subject to a maximum return of 10%.
If the index falls by up to 31.23%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any index decline.
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 contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,362,000
|
| Maturity: | March 31, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than initial strike level, par plus index return, capped at 10%; if index falls by up to 31.23%, par plus absolute value of index return; otherwise, full exposure to losses
|
| Initial strike level: | 2,711.02
|
| Final level: | Average of index closing levels for five trading days ending March 26, 2021
|
| Buffer level: | 68.77% of initial level
|
| Strike date: | March 13
|
| Pricing date: | March 16
|
| Settlement date: | March 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132KLB9
|
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