New York, June 27 – JPMorgan Chase Financial Co. LLC priced $2.09 million of 0% capped dual directional buffered equity notes due Oct. 27 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout will be par plus the index return capped at 2.75%.
The payout will be par plus the absolute value of the index return if the index declines by no more than 10%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
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 index: | S&P 500 index
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| Amount: | $2,091,000
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| Maturity: | Oct. 27
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus index return capped at 2.75%; par plus absolute value of index return if index declines by no more than 10%; otherwise, 1% loss for every 1% that index declines beyond 10%
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| Initial level: | 3,759.89
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| Cap: | 2.75%
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| Buffer: | 10%
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48133GL84
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