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Published on 7/1/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $266,000 uncapped dual directional notes linked to Euro Stoxx, iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., July 1 – JPMorgan Chase Financial Co. LLC priced $266,000 of 0% uncapped dual directional contingent buffered return enhanced notes due June 30, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each underlier finishes above its initial level, the payout at maturity will be par plus 1.05 times the return of the lesser-performing underlier.

If the final level of one underlier is greater than its initial level and the final level of the other underlier is equal to its initial level or is less than its initial level by up to 30% or if the final level of each underlier is equal to its initial level or is less than its initial level by up to 30%, the payout will be par plus the absolute value of the lesser-performing underlier’s return.

If the final level of either underlier is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser-performing underlier declines from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped dual directional contingent buffered return enhanced notes
Underliers:iShares MSCI EAFE ETF and Euro Stoxx 50 index
Amount:$266,000
Maturity:June 30, 2022
Coupon:0%
Price:Par
Payout at maturity:If each underlier finishes above initial level, par plus 1.05 times return of lesser-performing underlier; if final level of one underlier is greater than initial level and final level of other underlier is equal to initial level or is less than initial level by up to 30% or if final level of each underlier is equal to initial level or is less than initial level by up to 30%, par plus absolute value of lesser-performing underlier’s return; if final level of either underlier is less than initial level by more than 30%, 1% loss for every 1% that lesser-performing underlier declines from initial level
Initial levels:$65.12 for ETF and 3,444.36 for index
Pricing date:June 25
Settlement date:June 28
Agent:J.P. Morgan Securities LLC
Fees:3%
Cusip:48132CQM8

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