By William Gullotti
Buffalo, N.Y., April 6 – JPMorgan Chase Financial Co. LLC priced $6.5 million of 0% capped dual directional buffered equity notes due July 6, 2023 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 payout of par plus 10%.
If the index falls by up to the 18.5% buffer, the return will be par plus the absolute value of the return of the index.
If the index falls more than 18.5%, investors will lose 1.22699% for each 1% decline of the index beyond the 18.5% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $6.5 million
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| Maturity: | July 6, 2023
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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 par plus 10%; if index declines by no more than buffer, par plus absolute value of index return; otherwise, investors will lose 1.22699% for each 1% decline beyond buffer
|
| Initial level: | 4,530.41
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| Buffer level: | 81.5% of initial level
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| Strike date: | March 31
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| Pricing date: | April 1
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| Settlement date: | April 6
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48133FFK6
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