By Kiku Steinfeld
Chicago, May 26 – JPMorgan Chase Financial Co. LLC priced $775,000 of 0% capped dual directional contingent buffered equity notes due June 7, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial strike level, the payout at maturity will be par plus the index return, subject to a maximum return of 10%.
If the index falls by up to 22.9%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline from the initial level.
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 contingent buffered equity notes
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Underlying index: | S&P 500
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Amount: | $775,000
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Maturity: | June 7, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than the initial strike level, par plus the index return, subject to a maximum return of 10%; if the index falls by up to buffer, par plus the absolute value of the index return; otherwise, 1% loss for every 1% decline from initial level
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Initial strike level: | 2,971.61
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Final level: | Average of index closing levels for five trading days ending June 2, 2021
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Buffer: | 22.9% of initial level
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Pricing date: | May 21
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Settlement date: | May 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132KY25
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