By Marisa Wong
Los Angeles, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $61,000 of 0% uncapped dual directional buffered return enhanced notes due June 29, 2023 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund 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 each underlying finishes above its initial level, the payout at maturity will be par plus 1.08 times the gain in the lesser performing underlying.
If either underlying falls but neither falls by more than 10%, the payout will be par plus the absolute value of the return of the lesser performing underlying. Otherwise, investors will lose 1% for every 1% decline of the lesser performing underlying beyond the 10% buffer.
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 buffered return enhanced notes
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| Underlying assets: | iShares MSCI EAFE ETF, Euro Stoxx 50 index
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| Amount: | $61,000
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| Maturity: | June 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.08 times any gain in lesser performing underlying; if either underlying falls but neither falls by more than 10%, par plus the absolute value of the return of the lesser performing underlying; otherwise, 1% loss for every 1% decline of the lesser performing underlying beyond 10%
|
| Initial levels: | $63.08 for ETF and 3,137.06 for index
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132MQ87
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