Chicago, Nov. 22 – JPMorgan Chase Financial Co. LLC priced $1.58 million of 0% uncapped dual directional digital accelerated barrier notes due March 31, 2026 linked to the lesser performing of the Nasdaq-100 index and the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes above 180% of its initial level, investors will receive par plus 2% for each 1% the worst performer finishes above the 180% upper threshold.
If the worst performer finishes below 180% of its initial level but above its initial level, the payout will be par plus 80%.
If the worst performer is below its initial level, but above 60% of its initial level, the payout will be par plus the absolute value of that asset.
Otherwise, investors will be fully exposed to the losses of the worst performer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional digital accelerated barrier notes
|
| Underlying assets: | Nasdaq-100 index and the ARK Innovation ETF
|
| Amount: | $1,584,000
|
| Maturity: | March 31, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes above 180% of its initial level, par plus the 80% digital return plus an additional 2% for each 1% of the gain above the 180% upper threshold of the worst performer; par plus 80% if the worst performer gains but finishes below 180% of its initial level; par plus the absolute return of the worst performer if it declines but finishes above 60% of its initial level; otherwise, full exposure to losses of worst performer
|
| Initial levels: | 12,979.12 for index and $113.97 for ETF
|
| Upper thresholds: | 23,362.416 for index and $205.146 for ETF, 180% of initial levels
|
| Barrier levels: | 7,787.472 for index and $68.382 for ETF, 60% of initial levels
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132TKP0
|
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