By Kiku Steinfeld
Chicago, Aug. 9 – JPMorgan Chase Financial Co. LLC sold $1.67 million of 0% capped dual directional buffered equity notes due Jan. 20, 2023 linked to the worst performing of the S&P 500 index and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the worst performing asset gains, the payout at maturity will be par plus that asset’s gain, up to a maximum upside return of 11.2%.
If the worst performer declines by up to 15%, the payout will be par plus the absolute value of that asset’s return.
If the worst performer declines by more than 15%, investors will lose 1% for each 1% that the worst performer declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional buffered equity notes
|
| Underlying assets: | S&P 500 index and iShares Russell 2000 ETF
|
| Amount: | $1,669,000
|
| Maturity: | Jan. 20, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset gains, par plus that asset’s return, capped at 11.2%; if worst performer declines by up to 15%, par plus absolute value of that asset’s return; if worst performer declines by more than 15%, 1% loss for each 1% decline beyond 15%
|
| Initial levels: | 4,327.16 for S&P and $214.95 for Russell ETF
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48132U2U6
|
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