By Sarah Lizee
Olympia, Wash., April 1 – JPMorgan Chase Financial Co. LLC priced $1.98 million of 0% dual directional buffered return enhanced notes due March 29, 2022 linked to the lesser performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.3 times the gain of the worse performing index.
If the worse performing index falls by up to 10%, the payout will be par plus the absolute value of its return.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 10%.
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: | Dual directional buffered return enhanced notes
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 index
|
| Amount: | $1,982,000
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| Maturity: | March 29, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus 1.3 times the gain of worse performing index; if worse performing index falls by up to 10%, par plus absolute value of its return; otherwise, 1% loss for each 1% decline of worse performing index beyond buffer
|
| Initial index levels: | 1,096.555 for Russell and 20,704.91 for Dow
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | March 24
|
| Settlement date: | March 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132KJY2
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