By Kiku Steinfeld
Chicago, Dec. 9 – JPMorgan Chase Financial Co. LLC priced $267,000 of 0% uncapped dual directional contingent buffered equity notes due Dec. 5, 2023 tied to the least performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the least-performing index return.
If any index falls but by no more than the 27.5% contingent buffer, the payout will be par plus the absolute value of the return of the least-performing index.
If any index falls by more than 27.5%, investors will lose 1% for each 1% decline of the least-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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 contingent buffered return enhanced notes
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| Underlying indexes: | Dow Jones industrial average and the Nasdaq-100 index
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| Amount: | $267,000
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| Maturity: | Dec. 5, 2023
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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 least-performing index return; if any index falls by up to 27.5%, par plus absolute value of return of least-performing index; otherwise, investors will lose 1% for each 1% decline of least-performing index
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| Initial levels: | 29,638.64 for Dow, 12,268.32 for Nasdaq
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| Barrier levels: | 72.5% of initial levels
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48132PWA8
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