By Kiku Steinfeld
Chicago, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $2.52 million of 0% capped dual directional buffered equity notes due Aug. 2, 2024 linked to the lesser 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 lesser-performing index’s return, subject to a maximum upside return of 30%.
If the lowest performer declines, but not more than 15%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
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.
|
| Issue: | Capped dual directional buffered equity notes
|
| Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
|
| Amount: | $2,523,000
|
| Maturity: | Aug. 2, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus the lesser-performing index’s return, subject to a cap of 30%; if the final level of worst performer declines but not more than 15%, par plus the absolute value of the lesser-performing index’s return; if either index is less than its initial level by more than 15%, 1% loss for every 1% that the lesser-performing index declines beyond 15%
|
| Initial levels: | 34,935.47 for Dow, 14,959.90 for Nasdaq
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.58874%
|
| Cusip: | 48132UVE0
|
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