By Sarah Lizee
Olympia, Wash., May 1 – JPMorgan Chase Financial Co. LLC priced $493,000 of 0% uncapped dual directional contingent buffered equity notes due April 30, 2021 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus the index gain.
If the index return is negative but the index has never declined by more than 29% on any day during the life of the notes, the payout will be par plus the absolute value of the index return.
If the index return is negative and the index has ever declined by more than 29% on any day during the life of the notes, investors will be fully exposed to the decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered equity notes
|
| Underlying index: | MSCI Emerging Markets
|
| Amount: | $493,000
|
| Maturity: | April 30, 2021
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the index return is positive, par plus the index gain; if the index return is negative but the index has never declined by more than 29% on any day during the life of the notes, par plus the absolute value of the index return; if the index return is negative and the index has ever declined by more than 29% on any day during the life of the notes, investors will be fully exposed to the decline
|
| Initial value: | 1,078.06
|
| Pricing date: | April 26
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132CCH4
|
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