By Kiku Steinfeld
Chicago, Nov. 26 – JPMorgan Chase Financial Co. LLC priced $397,000 of 0% dual directional contingent buffered return enhanced notes due Oct. 31, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according 424B2 filing with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus 1.38 times the gain of the worse performing asset.
If the worse performing asset falls by up to 30%, the payout will be par plus the absolute value of its return.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.
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: | Dual directional contingent buffered return enhanced notes
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Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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Amount: | $397,000
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Maturity: | Oct. 31, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above its initial level, par plus 1.38 times the gain of the worse performing asset; if worse performing asset falls by up to 30%, par plus absolute value of its return; otherwise, 1% loss for each 1% decline of worse performing asset
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Initial levels: | $67.42 for ETF, 3,604.41 for Stoxx
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Buffer levels: | 70% of initial levels
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.7733%
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Cusip: | 48132FSL1
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