New Issue: JPMorgan sells $175,000 capped dual directional contingent buffered notes on S&P

By Sarah Lizee

Olympia, Wash., April 27 – JPMorgan Chase Financial Co. LLC priced $175,000 of 0% capped dual directional contingent buffered equity notes due May 6, 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 finishes above its initial level, the payout at maturity will be par plus the gain, capped at 10%.

If the index finishes flat or falls by up to 26.75%, payout will be par plus the absolute value of the index return. Otherwise, investors will be fully exposed to the index’s decline from its initial level.

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 index
Amount:	$175,000
Maturity:	May 6, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 10%; if index falls by up to 26.75%, par plus absolute value of index return; otherwise, full exposure to losses
Initial level:	2,823.16
Contingent buffer level:	73.25% of initial level
Final level:	Average of index closing levels for five trading days ending May 3, 2021
Pricing date:	April 21
Settlement date:	April 24
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132KWP6

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