By Wendy Van Sickle
Columbus, Ohio, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% uncapped dual directional contingent buffered return enhanced notes due Feb. 25, 2021 linked to the lesser performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus 1.01 times the return of the lesser-performing index.
If either index falls but by no more than the 27% 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 27%, 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional contingent buffered return enhanced notes
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| Underlying indexes: | Dow Jones industrial average and Nasdaq-100
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| Amount: | $1,253,000
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| Maturity: | Feb. 25, 2021
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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 1.01 times return of the lesser-performing index; if either index falls by up to 27%, 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: | 7,062.338 for Nasdaq, 25,954.44 for Dow
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| Pricing date: | Feb. 20
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| Settlement date: | Feb. 25
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.55%
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| Cusip: | 48130WZW4
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