By Sarah Lizee
Olympia, Wash., Sept. 27 – JPMorgan Chase Financial Co. LLC priced $6 million of 0% digital dual directional contingent buffered notes due Sept. 30, 2021 linked to the S&P 500 Aerospace & Defense (Industry) index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the 65% threshold level, the payout at maturity will be par plus a fixed return of 17.9%.
If the index falls by more than the 35% contingent buffer, investors will lose 1% for each 1% decline from the index’s initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital dual directional contingent buffered notes
|
| Underlying index: | S&P 500 Aerospace & Defense (Industry) index
|
| Amount: | $6 million
|
| Maturity: | Sept. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index is flat, positive or falls by up to contingent buffer, par plus 17.9%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 1,319.99
|
| Contingent buffer: | 35%
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48130UMV4
|
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