By Sarah Lizee
Olympia, Wash., May 26 – JPMorgan Chase Financial Co. LLC priced $290,000 of 0% capped dual directional contingent buffered equity notes due June 8, 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 23.3%, payout will be par plus the absolute value of the index return. Otherwise, investors will be fully exposed to the index’s decline from the initial level.
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 index
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Amount: | $290,000
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Maturity: | June 8, 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 23.3%, par plus the absolute value of the index return; otherwise, full exposure to losses
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Initial level: | 2,948.51
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Buffer level: | 76.7% of initial level
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Pricing date: | May 22
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Settlement date: | May 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132KY66
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