By Susanna Moon
Chicago, Feb. 28 – JPMorgan Chase Financial Co. LLC priced $661,000 of 0% uncapped dual directional notes due Feb. 28, 2022 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 33%.
If the index falls by up to 30%, the payout will be par plus the absolute value of the return.
If the index falls by more than the contingent buffer, investors will be fully exposed to any losses.
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: | Uncapped dual directional notes
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Underlying index: | S&P 500
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Amount: | $661,000
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Maturity: | Feb. 28, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus return, floor of 33%; par plus absolute value of return if index falls by up to 30%; otherwise, full exposure to losses
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Initial level: | 2,363.81
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Contingent buffer: | 30%
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.63805%
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Cusip: | 46646QZP3
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