By William Gullotti
Buffalo, N.Y., April 17 – JPMorgan Chase Financial Co. LLC priced $2.44 million of 0% capped dual directional buffered equity notes due July 16, 2024 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 11.3%.
If the index falls by up to 15%, the return will be par plus the absolute value of the return of the index.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 15%.
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.
|
| Issue: | Capped dual directional buffered equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,444,000
|
| Maturity: | July 16, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above the initial level, par plus index return, subject to cap of par plus 11.3%; if index declines by no more than 15%, par plus absolute value of index return; otherwise, investors will lose 1% for each 1% decline beyond 15%
|
| Initial level: | 4,108.94
|
| Buffer level: | 85% of initial level
|
| Pricing date: | April 11
|
| Settlement date: | April 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 48133VXU9
|
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