By Wendy Van Sickle
Columbus, Ohio, Dec. 27 – JPMorgan Chase Financial Co. LLC priced $463,000 of 0% uncapped dual directional contingent buffered equity notes due Dec. 27, 2022 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above the initial level, the payout at maturity will be par plus the lesser of the return of the lesser performing index and 29%
If either index falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more 30%, investors will lose 1% for each 1% decline of the lesser-performing index.
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: | Uncapped dual directional contingent buffered equity notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $463,000
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| Maturity: | Dec. 27, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus lesser of return of the lesser-performing index and 29%; if either index falls but by no more than 30% contingent buffer, par plus absolute value of return of lesser-performing index; if either index falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing index
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| Initial index levels: | 1,547.107 for Russell and 2,684.57 for S&P
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.77727%
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| Cusip: | 48129HTR8
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