By Marisa Wong
Morgantown, W.Va., Oct. 30 – JPMorgan Chase Financial Co. LLC priced $1.58 million of 0% uncapped dual directional contingent buffered equity notes due Oct. 31, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the contingent minimum return of 32% and the return of the worse performing index.
If the worse performing index falls by up to 30%, 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.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered equity notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,575,000
|
| Maturity: | Oct. 31, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus greater of 32% and return of worse performing index; if worse performing index falls by up to 30%, par plus absolute value of its return; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial index levels: | 1,497.459 for Russell and 2,560.40 for S&P
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.78056%
|
| Cusip: | 48129HCV7
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