Chicago, May 19 – JPMorgan Chase Financial Co. LLC priced $1.97 million of 0% uncapped dual directional buffered return enhanced notes due May 15, 2025 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 108% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
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: | Uncapped dual directional buffered return enhanced notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $1,965,000
|
| Maturity: | May 15, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains par plus 108% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but by no more than 20% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
|
| Call: | Non-callable
|
| Initial levels: | 13,340.18 for Nasdaq, 1,740.849 for Russell, 4,124.08 for S&P
|
| Buffer levels: | 80% of initial levels
|
| Cap: | None
|
| Buffer: | 20%
|
| Pricing date: | May 12
|
| Settlement date: | May 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.65%
|
| Cusip: | 48133WGA0
|
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