By Wendy Van Sickle
Columbus, Ohio, May 26 – JPMorgan Chase Financial Co. LLC priced $11.2 million of 0% uncapped dual directional buffered return notes due May 23, 2025 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.7 times the gain of the worst performer if both assets finish positive.
If the worst performing asset falls but not beyond the 85% buffer level, the payout will be par plus the absolute value of the asset return for that asset.
Otherwise, investors will lose 1% for each 1% decline of the worst performing asset beyond the 15% buffer level.
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 notes
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| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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| Amount: | $11.82 million
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| Maturity: | May 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.7 times asset gain of worst performer if all assets finish positive; if worst performing asset falls but is above buffer level, par plus the absolute value of return of that asset; otherwise, 1% loss for each 1% decline beyond buffer
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| Initial asset levels: | $67.77 for ETF, 3,657.03 for Stoxx
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| Buffer levels: | 85% of initial levels
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.99365%
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| Cusip: | 48133GDL4
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