By Marisa Wong
Morgantown, W.Va., April 18 – JPMorgan Chase Financial Co. LLC priced $1.86 million of 0% uncapped dual directional contingent buffered equity notes due April 12, 2022 linked to the lesser performing of the S&P MidCap 400 index and 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 final level of each index is greater than its initial level, the payout at maturity will be par plus the gain of the lesser-performing index.
If the final level of either index is equal to or less than its initial level but neither finishes below its initial level by more than 40%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 40%, investors will lose 1% for every 1% that the lesser-performing index’s final level is less than its initial level.
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: | Uncapped dual directional contingent buffered equity notes
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| Underlying indexes: | S&P MidCap 400 index, S&P 500 index
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| Amount: | $1.86 million
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| Maturity: | April 12, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any gain of the lesser-performing index; if lesser-performing index finishes flat or falls by up to 40%, par plus the absolute value of the lesser-performing index’s return; otherwise, 1% loss for every 1% that the lesser-performing index’s final level is less than its initial level
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| Initial levels: | 1,706.38 for MidCap 400 and 2,355.54 for S&P 500
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| Pricing date: | April 7
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| Settlement date: | April 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 46646QQB4
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