By Kiku Steinfeld
Chicago, Oct. 30 – JPMorgan Chase Financial Co. LLC priced $1.82 million of 0% capped dual directional contingent buffered return enhanced notes due Oct. 26, 2023 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus the return of the worse performing index, up to a 38.65% maximum upside return.
If either index falls but by no more than 30% of its initial level, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will be fully exposed to any losses of the worse 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: | Capped dual directional contingent buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $1,819,000
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Maturity: | Oct. 26, 2023
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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 return of worse performing index, up to 38.65% maximum upside return; if either index falls by no more than 30%, par plus the absolute value of the return of the worse performing index; otherwise, full exposure to any losses of worse performing index
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Initial index levels: | 1,640.502 for Russell, 3,465.39 for S&P
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Contingent buffer levels: | 70% of initial index levels
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Pricing date: | Oct. 23
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Settlement date: | Oct. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.84953%
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Cusip: | 48132PQJ6
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