By Tali Rackner
Minneapolis, April 6 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% uncapped dual directional contingent buffered return enhanced notes due April 10, 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 each index finishes at or above the initial level, the payout at maturity will be par plus 1.1 times the return of the lesser-performing index.
If either index falls but by no more than the 44.5% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more 50%, investors will lose 1% for each 1% decline of the lesser-performing index.
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: | Uncapped dual directional contingent buffered return enhanced notes
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Underlying indexes: | Russell 2000, S&P 500
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Amount: | $750,000
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Maturity: | April 10, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.1 times return of the lesser-performing index; if either index falls by up to 44.5%, par plus absolute value of return of lesser-performing index; otherwise, investors will lose 1% for each 1% decline of the lesser-performing index
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Initial levels: | 1,531.665 for Russell and 2,644.69 for S&P
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Pricing date: | April 4
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Settlement date: | April 9
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.125%
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Cusip: | 48129MGN0
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