By Wendy Van Sickle
Columbus, Ohio, Sept. 13 – JPMorgan Chase Financial Co. LLC priced $1.06 million of 0% buffered digital dual directional notes due Sept. 12, 2028 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index return and 29.2%.
If the index declines by up to 20%, the payout will be par plus the absolute value of the index’s return.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered digital dual directional notes
|
| Underlying index: | Dow Jones industrial average
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| Amount: | $1,059,000
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| Maturity: | Sept. 12, 2028
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus greater of return and 29.2%; if the index declines by up to 20%, par plus the absolute value of the index’s return; otherwise, 1% loss for every 1% that the index declines beyond 20%
|
| Initial level: | 34,500.73
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Sept. 7
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| Settlement date: | Sept. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.09077%
|
| Cusip: | 48134AWJ0
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