Chicago, Dec. 10 – JPMorgan Chase Financial Co. LLC priced $2.94 million of 0% uncapped dual directional digital accelerated barrier notes due April 6, 2026 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be tired to the index with the worst performance.
If the worst performer finishes above 135% of its initial level, investors will receive par plus the 35% digital return and then an additional 1.15% for each 1% gain of the index beyond the 135% return.
If the worst performer finishes above its initial level, but below 135% of its initial level, investors will receive par plus the 35% digital return.
If the least performing index falls by no more than 30% of its initial level, the payout at maturity will be par plus the absolute value of the return of that index.
Otherwise, investors will lose 1% for each 1% decline of the least performing index from its initial level.
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 digital accelerated barrier notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and the Nasdaq-100 index
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| Amount: | $2,943,000
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| Maturity: | April 6, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 35% plus additional 1.15% for each 1% gain of worst performer if it finishes above 135% of initial level; par plus 35% if worst performer finishes between initial level and 135% of initial level; if least performing index falls by no more than 30%; par plus absolute value of that index’s return; otherwise, 1% loss for each 1% decline of least performing index from its initial level
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| Initial levels: | 32,981.55 for Dow, 13,091.44 for Nasdaq, 2,220.519 for Russell
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| Barrier levels: | 23,087.085 for Dow, 9,164.008 for Nasdaq, 1,554.3633 for Russell, 70% of initial levels
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| Pricing date: | March 31
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| Settlement date: | April 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48132TMG8
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