By Wendy Van Sickle
Columbus, Ohio, Aug. 12 – JPMorgan Chase Financial Co. LLC priced $1.39 million of 0% uncapped dual directional buffered equity notes due Aug. 14, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus that index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines by no more than 15%. Otherwise, investors will lose 1% for every 1% that the worst 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional buffered equity notes
|
| Underlying indexes: | S&P 500 index and Russell 2000 index
|
| Amount: | $1,392,000
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| Maturity: | Aug. 14, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus that index’s return; par plus absolute value of worst performing index return if worst performing index declines by no more than 15%; otherwise, 1% loss for every 1% that worst performing index declines beyond 15%
|
| Initial levels: | 1,912.891 for Russell 2000, 4,122.47 for S&P 500
|
| Buffer: | 15%
|
| Pricing date: | Aug. 9
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| Settlement date: | Aug. 12
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.53692%
|
| Cusip: | 48133LA44
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