By Susanna Moon
Chicago, Feb. 10 – JPMorgan Chase & Co. priced $1.56 million of 0% capped dual directional buffered equity notes due Feb. 10, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par plus the fund gain, up to a maximum return of 150%.
If the fund falls by up to the 25% buffer, the payout will be par plus the absolute value of the return.
If the fund falls by more 25%, investors will be exposed to any losses beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional contingent buffered equity notes
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| Underlying fund: | Energy Select Sector SPDR fund
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| Amount: | $1,555,000
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| Maturity: | Feb. 10, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus return, capped at 150%; if fund falls by up to 25%, par plus absolute value of return; otherwise, 1% loss per 1% decline beyond 25%
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| Initial level: | $55.96
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| Pricing date: | Feb. 5
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| Settlement date: | Feb. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.407%
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| Cusip: | 48128GKQ2
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