By William Gullotti
Buffalo, N.Y., June 27 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% autocallable capped dual directional digital notes due July 25, 2024 linked to the performance of the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called automatically at par if the index’s closing level is less than its initial level by more than 20% on any trading day during the life of the notes.
If the index finishes flat or positive, the payout at maturity will be par plus 5.15%.
If the index declines, investors will receive par plus the absolute value of the return, capped at par plus 20%.
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: | Autocallable capped dual directional digital notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | July 25, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above initial level, par plus 5.15%; if index declines, par plus absolute value of index return, capped at par plus 20%
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| Call: | Automatically at par if the index’s closing level is less than its initial level by more than 20% on any trading day during the life of the notes
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| Initial level: | 4,109.9
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| Pricing date: | June 20
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| Settlement date: | June 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.3%
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| Cusip: | 48133XUA2
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