By Angela McDaniels
Tacoma, Wash., Aug. 6 – JPMorgan Chase Financial Co. LLC priced $2.1 million of 0% capped dual directional buffered equity notes due Aug. 4, 2022 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum upside return of 30%.
If the final index level is less than the initial index level by up to 24%, the payout will be par plus 50% of the absolute value of the index return.
If the final index level is less than the initial index level by more than 24%, investors will lose 1% for every 1% that the index declines beyond 24%.
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 buffered equity notes
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Underlying index: | MSCI Emerging Markets
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Amount: | $2.1 million
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Maturity: | Aug. 4, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus index return, subject to maximum upside return of 30%; if final index level is less than initial index level by up to 24%, par plus 50% of absolute value of index return; if final index level is less than initial index level by more than 24%, 1% loss for every 1% that index declines beyond 24%
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Initial level: | 1,043.15
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Pricing date: | July 30
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Settlement date: | Aug. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48132C6U2
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