By Wendy Van Sickle
Columbus, Ohio, June 4 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% capped dual directional contingent buffered equity notes due June 11, 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 21.17%, the payout will be par plus the absolute value of the index return. Otherwise, investors will lose 1% for every 1% that the index declines 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: | $1.01 million
|
| Maturity: | June 11, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 10%; if index falls by up to 21.17%, par plus the absolute value of the index return; otherwise, 1% loss for every 1% index decline
|
| Initial level: | 2,991.77
|
| Final level: | Average of index closing levels for five trading days ending June 8, 2021
|
| Pricing date: | May 27
|
| Settlement date: | June 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132MAJ0
|
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