New Issue: JPMorgan sells $1.3 million capped dual directional barrier notes tied to indexes

By Kiku Steinfeld

Chicago, March 29 – JPMorgan Chase Financial Co. LLC priced $1.3 million of 0% capped dual directional barrier notes due April 13, 2023 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus the gain of the least-performing index, subject to a maximum return of par plus 38.75%.

If the index falls by up to 70%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped dual directional barrier notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and the S&P 500 index
Amount:	$1.3 million
Maturity:	April 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus least-performing index gain, capped at par plus 38.75%; if least-performing index falls but is above barrier level, par plus absolute value of least-performing index return; otherwise, 1% loss for each 1% decline of least-performing index below initial level
Initial index levels:	2,192.212 for Russell, 3,841.94 for S&P, 12,668.51 for Nasdaq
Barrier levels:	1,534.5484 for Russell, 2,689.358 for S&P and 8,867.957 for Nasdaq, 70% of initial levels
Pricing date:	March 5
Settlement date:	March 10
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48132TBS4

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