By Sarah Lizee
Olympia, Wash., April 24 – JPMorgan Chase Financial Co. LLC priced $3.15 million 0% dual directional knock-out notes due April 27, 2021 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index never closes below the 80.5% knock-out level during the life of the notes, the payout at maturity will be par plus the absolute value of the final index return.
Otherwise, investors will receive par plus 3%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional knock-out notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $3,154,000
|
| Maturity: | April 27, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index never closes below 80.5% knock-out level during life of notes par plus the absolute value of final index return; otherwise, par plus 3%
|
| Initial value: | 7,713.495
|
| Pricing date: | April 22
|
| Settlement date: | April 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132CCJ0
|
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