By Wendy Van Sickle
Columbus, Ohio, July 1 – JPMorgan Chase Financial Co. LLC priced $156,000 of 0% capped dual directional contingent buffered return enhanced notes due June 30, 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 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 58%.
If the index falls by up to 32.5%, the payout will be par plus the absolute value of the return.
If the index falls by more than the 32.5% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped dual directional contingent buffered return enhanced notes
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Underlying index: | S&P 500
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Amount: | $156,000
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Maturity: | June 30, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times any index gain, capped at 58%; par plus absolute value of return if index falls by up to 32.5%; full exposure to loss if index falls beyond 32.5%
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Initial level: | 2,000.54
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Contingent buffer: | 32.5%
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.47115%
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Cusip: | 46646EET5
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