By Wendy Van Sickle
Columbus, Ohio, Aug. 8 – JPMorgan Chase Financial Co. LLC priced $1.19 million of 0% uncapped dual directional contingent buffered return enhanced notes s due July 31, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus the greater of the return of the lesser-performing index and the 32% contingent minimum return.
If either index falls but by no more than the 30% 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 than 30%, investors will lose 1% for each 1% decline of the lesser-performing index.
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: | Uncapped dual directional contingent buffered return enhanced notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | 1,187,000
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| Maturity: | July 31, 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 greater of 32% and return of the lesser-performing index; if either index falls by up to 30%, 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: | 1,643.069 for Russell and 2,718.37 for S&P 500
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| Pricing date: | July 26
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| Settlement date: | July 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.98863%
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| Cusip: | 48129ML74
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