By Marisa Wong
Los Angeles, Feb. 11 – JPMorgan Chase Financial Co. LLC priced $150,000 of 0% capped dual directional buffered equity notes due Feb. 18, 2021 linked to 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 the index return is positive, the payout at maturity will be par plus the index gain, subject to a maximum return of 7%.
If the index falls by up to 11.45%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 11.45% buffer, investors will lose 1.12931% for each 1% index decline beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional buffered equity notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $150,000
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| Maturity: | Feb. 18, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 7%; if index falls by up to 11.45%, par plus the absolute value of the index return; if index falls by more than 11.45%, 1.12931% loss for each 1% decline beyond the buffer
|
| Initial value: | 3,640.91
|
| Final value: | Average of the closing levels on the five trading days ending Feb. 12, 2021
|
| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132HWV0
|
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