By Devika Patel
Knoxville, Tenn., April 9 – JPMorgan Chase Financial Co. LLC priced $2.63 million of 0% uncapped dual directional buffered return enhanced notes due Oct. 5, 2023 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 1.15 times the return of the lesser performing index.
If either index falls but by no more than the 30% buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing index beyond the 30% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered return enhanced notes
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| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $2,632,000
|
| Maturity: | Oct. 5, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 1.15 times return of lesser-performing index; if either index falls but by no more than 30% 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 beyond the 30% buffer
|
| Initial levels: | 1,153.103 for Russell and 2,584.59 for S&P
|
| Pricing date: | March 31
|
| Settlement date: | April 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.87576%
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| Cusip: | 48132HW40
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