By William Gullotti
Buffalo, N.Y., June 23 – JPMorgan Chase Financial Co. LLC priced $8.17 million of 0% uncapped dual directional accelerated barrier notes due Jan. 6, 2023 linked to the S&P 500 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 par plus 1.1 times the gain if the index finishes positive, with a maximum return of par plus 15.05%.
If the index falls but not beyond the 85% barrier level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional accelerated barrier notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $8,172,000
|
| Maturity: | Jan. 6, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1 times index gain, capped at 15.05%, if the index finishes positive; if the index falls but is above barrier level, par plus the absolute value of the index return; otherwise, 1% loss for each 1% decline below initial level
|
| Initial index level: | 4,352.34
|
| Barrier levels: | 3,699.489; 85% of initial levels
|
| Pricing date: | July 2
|
| Settlement date: | July 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48132UC50
|
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