By Wendy Van Sickle
Columbus, Ohio, Aug. 20 – JPMorgan Chase Financial Co. LLC priced $3.76 million of 0% capped dual directional contingent buffered equity notes due Feb. 17, 2022 tied to the lesser performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus the lesser performing index return capped at 36%.
If either index falls but by no more than the 20% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 20%, investors will lose 1% for each 1% decline of the lesser-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped dual directional contingent buffered equity notes
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Underlying indexes: | Nasdaq-100 and S&P 500
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Amount: | $3,755,000
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Maturity: | Feb. 17, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus lesser performing index return, capped at 36%; if either index falls by up to 20%, par plus absolute value of return of lesser-performing index; otherwise, investors will lose 1% for each 1% decline of the lesser-performing index
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Initial levels: | 11,178.37 for Nasdaq and 3,373.43 for S&P
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Pricing date: | Aug. 13
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Settlement date: | Aug. 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48132M5B3
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