By Kiku Steinfeld
Chicago, Jan. 21 – JPMorgan Chase Financial Co. LLC priced $796,000 of 0% capped dual directional buffered return enhanced notes due Feb. 17, 2022 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 1.25 times the gain of the index, capped at 8%.
If the index falls but by no more than 10%, the payout will be par plus the absolute value of its return.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $796,000
|
| Maturity: | Feb. 17, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above its initial level, par plus 1.25 times gain of index, capped at 8%; if index falls by up to 10%, par plus absolute value of return; otherwise, 1% loss for each 1% decline of index beyond 10%
|
| Initial level: | 3,809.84
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Jan. 13
|
| Settlement date: | Jan. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132REW6
|
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