By Wendy Van Sickle
Columbus, Ohio, Oct. 8 – JPMorgan Chase Financial Co. LLC priced $263,000 of 0% uncapped dual directional buffered return enhanced notes due March 31, 2021 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes at or above its initial level, the payout at maturity will be par plus 1.1 times the lesser performing asset return.
If either asset falls but by no more than the 10% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing asset.
If either asset falls by more than 10%, investors will be exposed to the loss beyond the buffer.
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: | Uncapped dual directional buffered return enhanced notes
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| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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| Amount: | $263,000
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| Maturity: | March 31, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset gains, par plus 1.1 times the lesser performing asset return; if either asset falls by up to 10%, par plus absolute value of return of lesser-performing asset; otherwise, investors will lose 1% for each 1% decline of the lesser-performing asset beyond 10%
|
| Initial levels: | $64.95 for MSCI EAFE, 3,513.03 for Euro Stoxx
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.92348%
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| Cusip: | 48132FFH4
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