By William Gullotti
Buffalo, N.Y., Feb. 10 – JPMorgan Chase Financial Co. LLC priced $4 million of 0% uncapped dual directional buffered return enhanced notes due Aug. 8, 2024 linked to 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above the initial level, the payout at maturity will be par plus 1.2 times the return of the lesser performing index.
If any index falls by no more than the 15% buffer, the payout will be par plus the absolute value of the return of the worst performer.
If any index falls by more than 15%, investors will lose 1% for each 1% decline of the worst performer beyond the 15% buffer.
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: | Uncapped dual directional buffered return enhanced notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index
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| Amount: | $4 million
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| Maturity: | Aug. 8, 2024
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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 1.2 times the return of lesser-performing index; if any index falls by no more than the 15% buffer, par plus absolute value of return of lesser-performing index; if any index falls by more than 15%, investors will lose 1% for each 1% decline of the worst performer beyond the 15% buffer
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| Initial levels: | 35,089.74 for Dow, 14,694.35 for Nasdaq, 2,002.359 for Russell
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| Buffer levels: | 85% of initial levels
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| Pricing date: | Feb. 4
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| Settlement date: | Feb. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48133CK92
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