By William Gullotti
Buffalo, N.Y., Aug. 10 – JPMorgan Chase Financial Co. LLC priced $3.17 million of 0% dual directional notes due Aug. 1, 2025 linked to the performance of the S&P 500 Daily Risk Control 5% Excess Return index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes flat or positive, the payout at maturity will be par plus 125% of the return.
If the index declines, investors will receive par plus 125% of the absolute value of the return.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional notes
|
| Underlying index: | S&P 500 Daily Risk Control 5% Excess Return index
|
| Amount: | $3,174,000
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| Maturity: | Aug. 1, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of the absolute value of the index return
|
| Initial level: | 159.88
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.41783%
|
| Cusip: | 48133LFC1
|
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