By Sarah Lizee
Olympia, Wash., June 3 – JPMorgan Chase Financial Co. LLC priced $248,000 of 0% uncapped dual directional contingent buffered equity notes due June 3, 2025 tied to the lesser performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the greater of the lesser performing index return and 26%.
If either index falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing index.
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: | Uncapped dual directional contingent buffered equity notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 and S&P 500
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Amount: | $248,000
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Maturity: | June 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus the greater of the lesser performing index return and 26%; if either index falls by up to 30%, par plus absolute value of return of lesser-performing index; otherwise, investors will lose 1% for each 1% decline of the lesser-performing index
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Initial levels: | 2,991.77 for S&P, 1,393.074 for Russell and 24,995.11 for Dow
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Buffer levels: | 70% of initial levels
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Pricing date: | May 26
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Settlement date: | May 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.11492%
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Cusip: | 48132KR23
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