New Issue: JPMorgan sells $335,000 capped dual directional contingent buffered notes on S&P

By Marisa Wong

Los Angeles, May 27 – JPMorgan Chase Financial Co. LLC priced $335,000 of 0% capped dual directional contingent buffered equity notes due June 1, 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 25.4%, 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
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped dual directional contingent buffered equity notes
Underlying index:	S&P 500 index
Amount:	$335,000
Maturity:	June 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 10%; if index falls by up to 25.4%, par plus the absolute value of the index return; otherwise, full exposure to losses
Initial level:	2,820.00
Final level:	Average of index closing levels on five trading days ending May 26, 2021
Strike date:	May 13
Pricing date:	May 14
Settlement date:	May 19
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132KJ30

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