By Angela McDaniels
Tacoma, Wash., March 28 – JPMorgan Chase Financial Co. LLC priced $176,000 of 0% uncapped dual directional contingent buffered return enhanced notes due March 31, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If each underlier finishes above its initial level, the payout at maturity will be par plus 1.3 times the lesser-performing underlier’s return.
If the final level of one underlier is greater than or equal to its initial level and the final level of the other underlier is less than its initial level by up to 30% or if the final level of each underlier is less than its initial level by up to 30%, the payout will be par plus the absolute value of the lesser-performing underlier’s return.
If the final level of either underlier is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser-performing underlier declines from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered return enhanced notes
|
| Underliers: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $176,000
|
| Maturity: | March 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes above initial level, par plus 1.3 times lesser-performing underlier’s return; if final level of one underlier is greater than or equal to initial level and final level of other underlier is less than initial level by up to 30% or if final level of each underlier is less than initial level by up to 30%, par plus absolute value of lesser-performing underlier’s return; if final level of either underlier is less than initial level by more than 30%, 1% loss for every 1% that lesser-performing underlier declines from initial level
|
| Initial levels: | $64.72 for ETF and 3,319.53 for index
|
| Pricing date: | March 26
|
| Settlement date: | March 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48130W3R0
|
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