By Susanna Moon
Chicago, April 24 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional buffered equity notes due April 22, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus the gain of the worse performing index up to a maximum payment of $1,445 per $1,000 principal amount.
If either index falls by up to the 15% contingent buffer, the payout at maturity will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the buffer.
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 buffered equity notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $1 million
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| Maturity: | April 22, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus return of worse performing index up to a maximum upside return of 44.5%; if either index falls by up to 15%, par plus absolute return of worse performing index; otherwise, 1% loss per 1% decline of worse performing index beyond 15%
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| Initial levels: | 2,708.64 for S&P, 1,583.562 for Russell
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| Pricing date: | April 18
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| Settlement date: | April 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.9%
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| Cusip: | 48129MMW3
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