By William Gullotti
Buffalo, N.Y., July 27 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% uncapped dual directional buffered equity notes July 25, 2024 linked to 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.
If each index finishes at or above initial level, the payout at maturity will be par plus the gain of the worst performer.
If the worst performer declines no farther than its 74.5% buffer level, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for each 1% decline of the worst performer below 15.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered equity notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index
|
| Amount: | $1,091,000
|
| Maturity: | July 25, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all indexes finish above initial level, par plus return of worst performer; if the worst performer declines but finishes at or above buffer level, par plus absolute value of worst performer’s return; otherwise, 1% loss for each 1% decline of worst performer below buffer
|
| Initial index levels: | 3,961.63 for S&P, 1,806.881 for Russell
|
| Buffer levels: | 74.5% of initial levels
|
| Pricing date: | July 22
|
| Settlement date: | July 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.59803%
|
| Cusip: | 48133LQA3
|
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