Chicago, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $1.9 million of 0% uncapped dual directional buffered return enhanced notes due July 30, 2026 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 122.05% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
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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Underlying indexes: | Dow Jones industrial average
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Amount: | $1,896,000
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Maturity: | July 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 122.05% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but by no more than 20% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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Call: | Non-callable
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Initial levels: | 35,438.07 for Dow
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Buffer level: | 80% of initial level
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Cap: | None
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Buffer: | 20%
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Pricing date: | July 25
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Settlement date: | July 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.95%
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Cusip: | 48133YAK0
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