New Issue: JPMorgan sells $1.23 million uncapped dual directional buffered notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $1.23 million of 0% uncapped dual directional contingent buffered return enhanced notes due Jan. 31, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the return of the laggard index is positive, the payout at maturity will be par plus 1.1 times the laggard index gain.

If the laggard index falls by up to 35%, the payout will be par plus the absolute value of its return.

Otherwise, investors will be fully exposed to any losses of the laggard index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped dual directional contingent buffered return enhanced notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,228,000
Maturity:	Jan. 31, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.1 times any gain of laggard index; if laggard index falls by up to 35%, par plus the absolute value of its return; otherwise, full exposure to losses of laggard index
Initial values:	2,872.87 for S&P, 1,608.058 for Russell
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	J.P. Morgan Securities LLC
Fees:	4.11075%
Cusip:	48129HBC70

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