By Angela McDaniels
Tacoma, Wash., July 16 – JPMorgan Chase Financial Co. LLC priced $1.21 million of 0% uncapped dual directional buffered return enhanced notes due July 15, 2021 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlier finishes above its initial level, the payout at maturity will be par plus 1.1625 times the lesser-performing underlier’s return.
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 15% or if the final level of each underlier is equal to its initial level or is less than its initial level by up to 15%, 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 15%, investors will lose 1% for every 1% that the lesser-performing underlier declines beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered return enhanced notes
|
| Underliers: | iShares MSCI EAFE ETF and S&P 500 index
|
| Amount: | $1,208,000
|
| Maturity: | July 15, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes above initial level, par plus 1.1625 times lesser-performing underlier’s return; 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 15% or if final level of each underlier is equal to initial level or is less than initial level by up to 15%, par plus absolute value of lesser-performing underlier’s return; if final level of either underlier is less than initial level by more than 15%, 1% loss for every 1% that lesser-performing underlier declines beyond 15%
|
| Initial levels: | 3,013.77 for index and $65.80 for ETF
|
| Pricing date: | July 12
|
| Settlement date: | July 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132CXB4
|
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