By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% uncapped dual directional buffered equity notes due Nov. 3, 2022 linked to the iShares MSCI EAFE ETF and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlying finishes at or above the initial level, the payout at maturity will be par plus the return of the lesser performing underlying up to 24.5%.
If either underlying falls but by no more than the 15% buffer, the payout will be par plus the absolute value of the return of the lesser-performing underlying.
If either underlying falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing underlying beyond the 15% buffer.
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: | Uncapped dual directional buffered equity notes
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Underlyings: | iShares MSCI EAFE ETF and S&P 500 index
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Amount: | $2 million
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Maturity: | Nov. 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlying gains, par plus return of lesser-performing underlying up to 24.5%; if either underlying falls but by no more than 15% buffer, par plus absolute value of return of lesser-performing underlying; if either underlying falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing underlying beyond the 15% buffer
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Initial levels: | $61.39 for ETF and 3,269.96 for index
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Buffer levels: | 85% of initial levels
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Pricing date: | Oct. 30
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Settlement date: | Nov. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.21966%
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Cusip: | 48132PGL2
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