New York, June 30 – JPMorgan Chase Financial Co. LLC priced $3.58 million of 0% capped dual directional buffered return enhanced notes due June 26, 2025 linked to the Russell 2000 index and the 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 200% of that index’s return, capped at par plus 24%.
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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional buffered return enhanced notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $3,583,000
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| Maturity: | June 26, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 200% of that index’s return, capped at par plus 24%; 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%
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| Initial levels: | 1,821.635 for Russell 2000, 4,348.33 for S&P 500
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| Cap: | 24%
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| Buffer: | 20%
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133XEQ5
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