By Susanna Moon
Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $325,000 of 0% capped dual directional contingent buffered return enhanced notes due Sept. 30, 2022 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 1.25 times the return, up to a maximum return of 50%.
If the index falls by up to the 35% contingent buffer, the payout will be par plus the absolute value of the return.
Otherwise, 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: | $325,000
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| Maturity: | Sept. 30, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 1.25 times return, capped at 50%; if either index falls by up to 35%, par plus absolute return; otherwise, full exposure to any losses
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| Initial index level: | 2,519.36
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| Contingent buffer: | 35%
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.63077%
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| Cusip: | 46647MZ63
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