By Sarah Lizee
Olympia, Wash., Aug. 12 – JPMorgan Chase Financial Co. LLC priced $3.16 million of 0% uncapped dual directional buffered return enhanced notes due Aug. 4, 2022 linked to the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlying finishes at or above the initial level, the payout at maturity will be 1.1 times the return of the lesser performing underlying.
If either underlying falls but by no more than the 10% buffer, the payout will be par plus the absolute value of the return of the lesser-performing underlying.
If either underlying falls by more than 10%, investors will lose 1% for each 1% decline of the lesser-performing underlying beyond the 10% buffer.
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 buffered return enhanced notes
|
| Underlyings: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $3,161,000
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| Maturity: | Aug. 4, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlying gains, par plus 1.1 times return of lesser-performing underlying; if either underlying falls but by no more than 10% buffer, par plus absolute value of return of lesser-performing underlying; if either underlying falls by more than 10%, investors will lose 1% for each 1% decline of the lesser-performing underlying beyond the 10% buffer
|
| Initial levels: | $62.05 for ETF and 3,174.32 for index
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.26795%
|
| Cusip: | 48132MQM6
|
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