By Taylor Fox
New York, Nov. 11 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% dual directional contingent buffered digital notes due Oct. 19, 2022 tied to the least performing of the S&P 500 index, the Nasdaq-100 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 above its initial level, the payout at maturity will be par plus a 23.75% digital return.
If any index falls but by no more than the 30% contingent buffer, the payout will be par plus 50% of the absolute value of the return of the least-performing index.
If any index falls by more than 30%, investors will lose 1% for each 1% decline of the least-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: | Dual directional contingent buffered digital notes
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| Underlying indexes: | S&P 500, Nasdaq-100, Russell 2000 index
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| Amount: | $1.01 million
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| Maturity: | Oct. 19, 2022
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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 23.75% digital return; if any index falls but none fall by more than 30%, par plus 50% of absolute value of return of least-performing index; otherwise, 1% loss for each 1% decline of the least-performing index
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| Initial levels: | 3,488.67 for S&P, 11,985.36 for Nasdaq and 1,61.651 for Russell
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| Contingent buffer levels: | 70% of initial levels
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| Pricing date: | Oct. 14
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| Settlement date: | Oct. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48132PB29
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