By Kiku Steinfeld
Chicago, Sept. 9 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional buffered equity notes due July 5, 2024 linked to the lesser performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.1 times the lesser-performing index’s return, subject to a maximum upside return of 27.75%.
If the lowest performer declines, but not more than 15%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
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 buffered equity notes
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| Underlying indexes: | Russell 2000 and Nasdaq-100
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| Amount: | $1 million
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| Maturity: | July 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus 1.1 times the lesser-performing index’s return, subject to a cap of 27.75%; if the final level of worst performer declines but not more than 15%, par plus the absolute value of the lesser-performing index’s return; if either index is less than its initial level by more than 15%, 1% loss for every 1% that the lesser-performing index declines beyond 15%
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| Initial levels: | 14,572.75 for Nasdaq, 2,308.837 for Russell
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| Buffer levels: | 85% of initial levels
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| Pricing date: | June 29
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| Settlement date: | July 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.7%
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| Cusip: | 48132UUC5
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