By Kiku Steinfeld
Chicago, Nov. 17 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% uncapped dual directional accelerated barrier notes due March 18, 2027 linked to the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains, the payout at maturity will be par plus 210% of the return of the worst performing asset.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but finishes at or above the 70% barrier.
Investors will lose 1% for every 1% that the worst performing asset declines if it ends below the barrier.
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: | Uncapped dual directional accelerated barrier notes
|
| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
| Amount: | $1,053,000
|
| Maturity: | March 18, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset gains, par plus 210% of worst performing asset return; par plus absolute value of worst performing asset return if worst performing asset declines but finishes above 70% barrier; 1% loss for every 1% that worst performing asset declines if it finishes below barrier
|
| Initial levels: | 3,738.11 for Stoxx, $69.94 for iShares
|
| Upside leverage: | 210%
|
| Cap: | None
|
| Barriers: | 2,616.677 for Stoxx, $48.958 for iShares, 70% of initial level
|
| Pricing date: | March 15
|
| Settlement date: | March 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133DWS5
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