By Kiku Steinfeld
Chicago, Feb. 17 – JPMorgan Chase Financial Co. LLC priced $2.48 million of 0% uncapped dual directional contingent buffered return enhanced notes due Feb. 3, 2022 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above the initial level, the payout at maturity will be par plus 1.25 times the return of the lesser performing asset.
If either asset falls but by no more than the 15% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing asset.
If either asset falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing asset.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered return enhanced notes
|
| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
|
| Amount: | $2,482,000
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| Maturity: | Feb. 3, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset gains, par plus 1.25 times return of the lesser-performing asset; if either asset falls but by no more than 15% contingent buffer, par plus absolute value of return of lesser-performing asset; if either asset falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing asset
|
| Initial levels: | $67.48 for ETF and 3,640.91 for index
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.36052%
|
| Cusip: | 48132HA85
|
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