New York, June 1 – JPMorgan Chase Financial Co. LLC priced $2.65 million of 0% capped dual directional buffered equity notes due July 25, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus that index’s return, subject to a maximum payout of par plus 22%.
The payout will be par plus the absolute value of the worst performing index return if the worst performer declines no more than 15%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 15%.
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 indexes: | S&P 500 index and Russell 2000 index
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Amount: | $2,645,000
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Maturity: | July 25, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus that index’s return capped at par plus 22%; par plus absolute value of worst performing index return if worst performing index declines no more than 15%; otherwise, 1% loss for every 1% that worst performing index declines beyond 15%
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Initial levels: | 1,773.266 for Russell 2000, 3,901.36 for S&P 500
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Cap: | 22%
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Buffer: | 15%
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Strike date: | May 20
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Pricing date: | May 24
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Settlement date: | May 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48133GKZ5
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