By Wendy Van Sickle
Columbus, Ohio, April 5 – JPMorgan Chase Financial Co. LLC priced $719,000 of 0% uncapped dual directional digital accelerated barrier notes due March 24, 2026 linked to the Nasdaq-100 index and the ARK Innovation ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If all of the assets finish at or above their initial level, the payout at maturity will be par plus 60% plus 1.5 times any gain in the least performing fund beyond 60%.
If the least performing asset falls by no more than 40% of its initial level, the payout at maturity will be par plus the absolute value of the return of that asset.
Otherwise, investors will lose 1% for each 1% decline of the least performing asset from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional digital accelerated barrier notes
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| Underlying assets: | Nasdaq-100 index and the ARK Innovation ETF
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| Amount: | $719,000
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| Maturity: | March 24, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If all assets finish at or above initial level, par plus 60% plus 1.5 times any gain in least performing fund beyond 60%; if least performing asset falls by no more than 40%; par plus absolute value of that asset’s return; otherwise, 1% loss for each 1% decline of least performing asset from its initial level
|
| Initial levels: | 12,866.99 for Nasdaq, $122.36 for ARK
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| Barrier levels: | 7,720.194 for Nasdaq, $73.416 for ARK, 60% of initial levels
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| Pricing date: | March 19
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| Settlement date: | March 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48132TFZ4
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