By William Gullotti
Buffalo, N.Y., March 28 – JPMorgan Chase Financial Co. LLC priced $4.18 million of 0% capped dual directional accelerated barrier notes due Sept. 23, 2025 linked to the stock performance of Nvidia Corp., according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the gain, subject to a maximum payout of par plus 34.4%.
If the stock falls but finishes at or above 60% of its initial level, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline of the stock from its initial level.
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 accelerated barrier notes
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| Underlying stock: | Nvidia Corp.
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| Amount: | $4.18 million
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| Maturity: | Sept. 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the stock finishes at or above initial level, par plus 1.5 times the return of the stock, capped at par plus 34.4%; if the stock declines but finishes at or above barrier level, par plus absolute value of the stock’s return; otherwise, 1% loss for each 1% decline of the stock from initial level
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| Initial stock level: | $884.55
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| Barrier level: | $530.73; 60% of initial level
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| Pricing date: | March 18
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| Settlement date: | March 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.7%
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| Cusip: | 48134W6V4
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