By Angela McDaniels
Tacoma, Wash., June 10 – JPMorgan Chase Financial Co. LLC priced $657,000 of 0% uncapped dual directional notes due May 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of 28% and the index return.
If the final index level is less than the initial index level by up to 30%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial index level by more than 30%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional notes
|
| Underlying index: | S&P 500
|
| Amount: | $657,000
|
| Maturity: | May 28, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus greater of 28% and index return; if final index level is less than initial index level by up to 30%, par plus absolute value of index return; if final index level is less than initial index level by more than 30%, 1% loss for every 1% that final index level is less than initial index level
|
| Initial level: | 2,090.54
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.70814%
|
| Cusip: | 46646EBG6
|
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