By Marisa Wong
Morgantown, W.Va., April 30 – JPMorgan Chase Financial Co. LLC priced $445,000 of 0% uncapped dual directional contingent buffered return enhanced notes due April 25, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.18 times the index gain.
If the index falls by up to 30%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 30% contingent buffer, investors will be fully exposed to any losses.
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 return enhanced notes
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Underlying index: | Dow Jones industrial average
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Amount: | $445,000
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Maturity: | April 25, 2024
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.18 times any index gain; if index falls by up to 30%, par plus the absolute value of the index return; if index falls by more than the 30% contingent buffer, investors will be fully exposed to any losses
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Initial value: | 24,462.94
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Pricing date: | April 20
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Settlement date: | April 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.5%
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Cusip: | 48129MKU9
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