Chicago, June 13 – JPMorgan Chase Financial Co. LLC priced $475,000 of 0% capped dual directional buffered equity notes due June 9, 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 above its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a maximum upside return of 27%.
If the lesser performing index finishes below its initial level but above 85% of its initial level, the payout will be the absolute value of the index return of the lesser performing index.
If the final level of either index is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
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 and Russell 2000
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| Amount: | $475,000
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| Maturity: | June 9, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus lesser-performing index’s return, subject to maximum upside return of 27%; if lesser performing index finishes below initial level but declines not more than 15%, the payout will be the absolute value of the index return of the lesser performing index; if final level of either index is less than initial level by more than 15%, 1% loss for every 1% that lesser-performing index declines beyond 15%
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| Initial levels: | 2,803.27 for S&P 500 and 1,508.561 for Russell
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| Pricing date: | June 4
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| Settlement date: | June 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48132CUK7
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