New York, Dec. 19 – JPMorgan Chase Financial Co. LLC priced $1.00 million of 0% capped dual directional buffered equity notes due Dec. 18, 2024 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout will be par plus the ETF return, capped at par plus 55.35%.
The payout will be par plus the absolute value of the ETF return if the ETF declines by no more than 20%.
Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Capped dual directional buffered equity notes
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| Underlying ETF: | Energy Select Sector SPDR Fund
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| Amount: | $1,001,000
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| Maturity: | Dec. 18, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus ETF return, capped at par plus 55.35%; par plus absolute value of ETF return if ETF declines by no more than 20%; otherwise, 1% loss for every 1% that ETF declines beyond 20%
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| Initial level: | $86.46
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| Cap: | 55.35%
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| Buffer: | 20%
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| Pricing date: | Dec. 13
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| Settlement date: | Dec. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4505%
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| Cusip: | 48133PS79
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