By Marisa Wong
Morgantown, W.Va., Nov. 8 – JPMorgan Chase Financial Co. LLC priced $415,000 of 0% capped dual directional contingent buffered return enhanced notes due Oct. 31, 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 return is positive, the payout at maturity will be par plus 1.2 times the index gain, subject to a maximum return of 50%.
If the index falls by up to 35%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 35% 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: | $415,000
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| Maturity: | Oct. 31, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.2 times any index gain, subject to a maximum return of 50%; if index falls by up to 35%, par plus the absolute value of the index return; if index falls by more than the 35% contingent buffer, investors will be fully exposed to any losses
|
| Initial value: | 2,575.26
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5753%
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| Cusip: | 48129HED5
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