By Angela McDaniels
Tacoma, Wash., July 1 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% bearish capped buffered return enhanced notes due June 30, 2021 inversely linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is less than the initial index level, the payout at maturity will be par plus 1.25% for every 1% that the index declines, subject to a maximum return of 25%.
If the final index level is equal to the initial index level or greater than the initial index level by up to 10%, the payout will be par.
If the final index level is greater than the initial index level by more than 10%, investors will lose 1% for every 1% that the index advances beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Bearish capped buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $2 million
|
| Maturity: | June 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25% for every 1% that index declines, up to 25% maximum return; par if index advances by 10% or less; 1% loss for every 1% that index advances beyond 10%
|
| Initial level: | 2,917.38
|
| Final level: | Average of index’s closing levels on five trading days ending June 25, 2021
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132CWJ8
|
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