By Sarah Lizee
Olympia, Wash., Jan. 14 – JPMorgan Chase Financial Co. LLC priced $1.27 million of 0% capped dual directional buffered equity notes due Jan. 13, 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 the index gain, subject to a maximum return of 22%.
If the index falls by up to 10%, the payout will be par plus double the absolute value of the index return.
If the index falls by more than the 10% contingent buffer, investors will be exposed to losses beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,273,000
|
| Maturity: | Jan. 13, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, subject to a maximum return of 22%; if index falls by up to 10%, par plus double the absolute value of the index return; if index falls by more than the 10% contingent buffer, investors will be exposed to losses beyond the buffer
|
| Initial value: | 3,265.35
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132HTE2
|
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