By Sarah Lizee
Olympia, Wash., Dec. 11 – JPMorgan Chase Financial Co. LLC priced $195,000 of uncapped dual directional buffered equity notes due May 28, 2021 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus the lesser performing underlying return if both underliers finish above their initial values.
If either index declines, but not more than 10%, investors will receive the absolute value of the return of the lesser performing underlier.
Otherwise, investors will be exposed to the losses of the worst performer beyond 10%.
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 equity notes
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Underliers: | iShares MSCI EAFE exchange-traded fund and Euro Stoxx 50 index
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Amount: | $195,000
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Maturity: | May 28, 2021
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Price: | Par
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Payout at maturity: | Par plus worst performing underlier return if above initial level; par plus absolute value of underlier return of lesser performing underlier if worst performer falls, but not more than 10%; otherwise exposure to losses beyond 10%
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Initial levels: | $68.52 for iShares and 3,707.68 for Stoxx
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Buffer levels: | 90% of initial levels
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Pricing date: | Nov. 25
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Settlement date: | Nov. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.98398%
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Cusip: | 48132F3T1
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