By Marisa Wong
Morgantown, W.Va., Feb. 26 – JPMorgan Chase Financial Co. LLC priced $700,000 of 0% uncapped dual directional contingent buffered equity notes due Feb. 22, 2023 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the return of each index is positive, the payout at maturity will be par plus the greater of the return of the lesser performing index and 51%.
If either index falls but neither falls by more than 20%, the payout will be par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 20%, investors will lose 1% for every 1% decline of the lesser performing index beyond 20%.
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 contingent buffered equity notes
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| Underlying indexes: | S&P 500 and Euro Stoxx 50
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| Amount: | $700,000
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| Maturity: | Feb. 22, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
|
| Payout at maturity: | If the return of each index is positive, par plus the greater of the return of the lesser performing index and 51%; if either index falls but neither falls by more than 20%, par plus the absolute value of the return of the lesser performing index; otherwise, 1% loss for every 1% decline of the lesser performing index beyond 20%
|
| Initial values: | 2,732.22 for S&P and 3,426.80 for Euro Stoxx
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.5%
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| Cusip: | 48129H7E1
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