By Sarah Lizee
Olympia, Wash., Aug. 21 – JPMorgan Chase Financial Co. LLC priced $718,000 of 0% capped dual directional contingent buffered equity notes due Feb. 22, 2023 linked to the lesser performing of the Dow Jones industrial average and the S&P 500 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 the return of the lesser-performing index, capped at par plus 43%.
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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying indexes: | Dow Jones industrial average and S&P 500
|
| Amount: | $718,000
|
| Maturity: | Feb. 22, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus return of the lesser-performing index, capped at par plus 43%; 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
|
| Initial levels: | 25,886.01 for Dow, 2,888.68 for S&P
|
| Pricing date: | Aug. 16
|
| Settlement date: | Aug. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132FBG0
|
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