By Susanna Moon
Chicago, May 4 – JPMorgan Chase & Co. priced $13,000 of 0% capped dual directional contingent buffered return enhanced notes due April 30, 2021 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 1.2 times the index return up to a maximum upside return of 40%.
If the index falls by up to 35%, the payout will be par plus the absolute value of the return.
If the index falls by more than the contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $13,000
|
| Maturity: | April 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2 times any index gain, capped at 40%; par plus absolute value of return if index falls by up to 35%; full exposure to loss if index falls beyond 35%
|
| Initial level: | 2,091.70
|
| Contingent buffer: | 35%
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48128GVE7
|
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