By Kiku Steinfeld
Chicago, May 28 – JPMorgan Chase Financial Co. LLC priced $2.31 million of 0% capped dual directional contingent buffered equity notes due May 25, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the return of the index, subject to a maximum return of 7%.
If the index falls by up to the 16.5% buffer, the return will be par plus the absolute value of the return of the index.
If the index falls more than 16.5%, investors will lose 1% for each 1% decline of the index beyond the 16.5% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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
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Amount: | $2,308,000
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Maturity: | May 25, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above the initial level, par plus index return, subject to cap of 7%; if index declines by no more than buffer, par plus absolute value of index return; otherwise, investors will lose 1% for each 1% decline beyond buffer
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Initial level: | 4,232.60
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Contingent buffer level: | 83.5% of initial level
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Pricing date: | May 7
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Settlement date: | May 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132TH66
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