By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – JPMorgan Chase Financial Co. LLC priced $2.92 million of 0% capped dual directional buffered equity notes due Nov. 9, 2022 tied to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a maximum upside return of 33%.
If the final level of one index is greater than its initial level and the final level of the other index is equal to its initial level or is less than its initial level by up to 20% or if the final level of each index is equal to its initial level or is less than its initial level by up to 20% the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 20% investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
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
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $2,919,000
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| Maturity: | Nov. 9, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus lesser-performing index’s return, subject to maximum upside return of 33%; if final level of one index is greater than initial level and final level of other index is equal to initial level or is less than initial level by up to 20% or if final level of each index is equal to initial level or is less than initial level by up to 20%, par plus absolute value of lesser-performing index’s return; if final level of either index is less than initial level by more than 20%, 1% loss for every 1% that lesser-performing index declines beyond 20%
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| Initial levels: | 3,078.27 for S&P 500 and 1,597.396 for Russell 2000
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| Pricing date: | Nov. 4
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| Settlement date: | Nov. 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48132FYZ3
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