By Wendy Van Sickle
Columbus, Ohio, April 5 – JPMorgan Chase Financial Co. LLC priced $8.54 million of 0% dual directional contingent buffered equity notes due April 1, 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 return is positive, the payout at maturity will be par plus the index gain.
If the index falls by up to 20.5%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 20.5% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Dual directional contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $8,535,000
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| Maturity: | April 1, 2021
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus any index gain; if index falls by up to 20.5%, par plus the absolute value of the index return; if index falls by more than the 20.5% contingent buffer, investors will be fully exposed to any losses
|
| Initial value: | 2,648.94
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| Pricing date: | March 28
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| Settlement date: | April 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48129MFG6
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