By Sarah Lizee
Olympia, Wash., March 3 – JPMorgan Chase Financial Co. LLC priced $241,000 of 0% uncapped dual directional contingent buffered equity notes due Feb. 28, 2025 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the lesser-performing index’s return.
If the lesser performing index falls by up to 18%, the payout will be par plus 50% of the absolute value of the lesser-performing index’s return.
Investors will lose 1% for every 1% that the lesser-performing index declines from its initial level if it falls beyond the buffer.
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: | Uncapped dual directional contingent buffered equity notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $241,000
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| Maturity: | Feb. 28, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus lesser-performing index’s return; if lesser-performing index falls by up to buffer level, par plus 50% of absolute value of lesser-performing index’s return; 1% loss for every 1% that lesser-performing index falls from initial level if it falls beyond buffer
|
| Initial levels: | 1,571.897 for Russell 2000 and 3,128.21 for S&P 500
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| Buffer level: | 82% of initial levels
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| Pricing date: | Feb. 25
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| Settlement date: | Feb. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.12241%
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| Cusip: | 48132HYM8
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