New York, April 18 – JPMorgan Chase Financial Co. LLC priced $1.70 million of 0% capped dual directional buffered equity notes due July 17, 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’s return, capped at par plus 16.35%.
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 20%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 20%.
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.
|
| Issue: | Capped dual directional buffered equity notes
|
| Underlying indexes: | S&P 500 index and Russell 2000 index
|
| Amount: | $1,699,000
|
| Maturity: | July 17, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus that index return, capped at par plus 16.35%; par plus absolute value of worst performing index return if worst performing index declines by no more than 20%; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
|
| Initial levels: | 1,773.698 for Russell 2000, 4,091.95 for S&P 500
|
| Cap: | 16.35%
|
| Buffer: | 20%
|
| Pricing date: | April 12
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| Settlement date: | April 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48133VYW4
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