By Kiku Steinfeld
Chicago, Jan. 23 – JPMorgan Chase Financial Co. LLC priced $752,000 of 0% capped dual directional buffered equity notes due April 22, 2021 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 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 lesser-performing index’s return, subject to a maximum upside return of 18.8%.
If the final level of one index is greater than its initial level and the final level of the other index is equal to its initial level or is less than its initial level by up to 10% or if the final level of each index is equal to its initial level or is less than its initial level by up to 10%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
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: | Capped dual directional buffered equity notes
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| Underlying indexes: | Dow Jones industrial average and Russell 2000
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| Amount: | $752,000
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| Maturity: | April 22, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus lesser-performing index’s return, subject to maximum upside return of 18.8%; if final level of one index is greater than initial level and final level of other index is equal to initial level or is less than initial level by up to 10% or if final level of each index is equal to initial level or is less than initial level by up to 10%, par plus absolute value of lesser-performing index’s return; if final level of either index is less than initial level by more than 10%, 1% loss for every 1% that lesser-performing index declines beyond 10%
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| Initial levels: | 1,699.635 for Russell 2000 and 29,348.10 for Dow
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| Buffer levels: | 90% of initial levels
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48132HUA8
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