By Devika Patel
Knoxville, Tenn., Nov. 30 – JPMorgan Chase Financial Co. LLC priced $855,000 of uncapped dual directional notes due Nov. 26, 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 its initial level, the payout at maturity will be par plus the greater of the index gain and the contingent minimum return of 35%.
If the index falls by up to the 30% contingent buffer, the payout will be par plus the absolute value of the return.
If the index falls by more than the 30%, investors will lose 1% for each 1% decline.
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: | $855,000
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| Maturity: | Nov. 26, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus greater of return and 35%; if index falls by up to 30%, par plus absolute return; otherwise, 1% loss for each 1% decline
|
| Initial level: | 2,202.94
|
| Contingent buffer: | 30%
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.55029%
|
| Cusip: | 46646E4T6
|
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