By Kiku Steinfeld
Chicago, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% capped dual directional contingent buffered equity notes due Jan. 10, 2024 tied to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes above its initial level, the payout at maturity will be par plus the return, capped at par plus 37.1%.
If the ETF falls but by no more than the 37.1%, the payout will be par plus the absolute value of the return.
If the ETF falls by more 37.1%, investors will lose 1% for each 1% decline of the ETF.
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: | Capped dual directional contingent buffered equity notes
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| Underlying ETF: | Energy Select Sector SPDR fund
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| Amount: | $1.5 million
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| Maturity: | Jan. 10, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus the return, capped at par plus 37.1%; if ETF falls but by no more than contingent buffer, par plus absolute value of return; if ETF falls by more than contingent buffer, 1% loss 1% for each 1% decline of the ETF
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| Initial level: | $41.42
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| Contingent buffer level: | 62.9% of initial level
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| Pricing date: | Jan. 11
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| Settlement date: | Jan. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48132RHU7
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