By William Gullotti
Buffalo, N.Y., Oct. 18 – JPMorgan Chase Financial Co. LLC priced $3.05 million of 0% uncapped dual directional buffered return enhanced notes due April 18, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above the initial level, the payout at maturity will be par plus 1.05 times the return of the lesser performing index.
If either index falls by no more than the 10% buffer, the payout will be par plus the absolute value of the return of the worst performer.
If either index falls by more than 10%, investors will lose 1% for each 1% decline of the worst performer beyond the 10% buffer.
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: | S&P 500 index, Russell 2000 index
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| Amount: | $3.05 million
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| Maturity: | April 18, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.05 times the return of lesser-performing index; if either index falls by no more than the 10% buffer, par plus absolute value of return of lesser-performing index; if either index falls by more than 10%, investors will lose 1% for each 1% decline of the worst performer beyond the 10% buffer
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| Initial levels: | 4,363.8 for S&P, 2,241.968 for Russell
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| Buffer levels: | 90% of initial levels
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.95%
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| Cusip: | 48132WS75
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