New Issue: JPMorgan sells $1.29 million dual directional buffered return enhanced notes on indexes

By Kiku Steinfeld

Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $1.29 million of 0% uncapped dual directional buffered return enhanced notes due Oct. 3, 2025 linked to the lesser performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlier finishes above its initial level, the payout at maturity will be par plus 1.3675 times the lesser-performing underlier’s return, capped at par plus 35%.

If the final level of one underlier is greater than its initial level and the final level of the other underlier is equal to its initial level or is less than its initial level by up to 20% or if the final level of each underlier is equal to its initial level or is less than its initial level by up to 20%, the payout will be par plus 50% of the absolute value of the lesser-performing underlier’s return.

If the final level of either underlier is less than its initial level by more than 20%, investors will lose 1% for every 1% that the lesser-performing underlier declines beyond 20%.

The notes are guaranteed by JPMorgan Chase & Co.

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
Underliers:	Nasdaq -100, Russell 2000, Dow Jones industrial average
Amount:	$1,286,000
Maturity:	Oct. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlier finishes above initial level, par plus 1.3675 times lesser-performing underlier’s return, capped at par plus 35%; if final level of one underlier is greater than initial level and final level of other underlier is equal to initial level or is less than initial level by up to 20% or if final level of each underlier is equal to initial level or is less than initial level by up to 20%, par plus 50% of absolute value of lesser-performing underlier’s return; if final level of either underlier is less than initial level by more than 20%, 1% loss for every 1% that lesser-performing underlier declines beyond 20%
Initial levels:	27,781.70 for Dow, 1,507.692 for Russell, 11,418.06 for Nasdaq
Buffer levels:	80% of initial levels
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	J.P. Morgan Securities LLC
Fees:	0.48694%
Cusip:	48132PGB4

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