By Kiku Steinfeld
Chicago, Dec. 9 – JPMorgan Chase Financial Co. LLC priced $1.35 million of 0% uncapped dual directional buffered return enhanced notes due Dec. 4, 2025 linked to the lesser performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlier finishes above its initial level, the payout at maturity will be par plus 1.15 times the lesser-performing underlier’s return.
If the final level of one underlier is greater than its initial level and the final level of the other underlier is equal to its initial level or is less than its initial level by up to 30% or if the final level of each underlier is equal to its initial level or is less than its initial level by up to 30%, the payout will be par plus the absolute value of the lesser-performing underlier’s return.
If the final level of either underlier is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser-performing underlier declines beyond 30%.
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: | Uncapped dual directional buffered return enhanced notes
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Underliers: | S&P 500, Russell 2000, Dow Jones industrial average
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Amount: | $1,351,000
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Maturity: | Dec. 4, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlier finishes above initial level, par plus 1.15 times lesser-performing underlier’s return; if final level of one underlier is greater than initial level and final level of other underlier is equal to initial level or is less than initial level by up to 30% or if final level of each underlier is equal to initial level or is less than initial level by up to 30%, par plus absolute value of lesser-performing underlier’s return; if final level of either underlier is less than initial level by more than 30%, 1% loss for every 1% that lesser-performing underlier declines beyond 30%
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Initial levels: | 29,638.64 for Dow, 1,819.816 for Russell, 3,621.63 for S&P
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Buffer levels: | 70% of initial levels
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Pricing date: | Nov. 30
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Settlement date: | Dec. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.82707%
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Cusip: | 48132PUM4
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