By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $1.12 million of 0% uncapped dual directional contingent buffered return enhanced notes due Jan. 31, 2023 linked to the lesser performing of 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 the lesser performing index finishes at or above the initial level, the payout at maturity will be par plus 1.2 times the lesser performing index return.
If the lesser performing index falls by up to 20%, the payout will be par plus the absolute value of the return.
If the lesser performing index falls by more than the buffer, investors will lose 1% for every 1% decline beyond 20%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped dual directional contingent buffered return enhanced notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $1.12 million
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Maturity: | Jan. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times any gain of lesser performing index; par plus absolute value of return if lesser performing index falls by up to 20%; 1% loss for every 1% decline beyond 20%
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Initial levels: | 2,704.1 for S&P, 1,499.419 for Russell
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.54018%
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Cusip: | 48130WRA1
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