By Marisa Wong
Morgantown, W.Va., June 21 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% uncapped dual directional contingent buffered equity notes due May 31, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 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 its initial level, the payout at maturity will be par plus the greater of the contingent minimum return of 28.5% and the return of the lesser-performing index.
If either index falls but neither falls by 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.
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 equity notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $1,016,000
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| Maturity: | May 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes flat or gains, par plus greater of 28.5% and return of the lesser-performing index; if either index falls but neither falls by more than 30%, par plus absolute value of return of lesser-performing index; otherwise, 1% loss for each 1% decline of the lesser-performing index
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| Initial levels: | 1,504.019 for Russell and 2,802.39 for S&P
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| Pricing date: | May 28
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| Settlement date: | May 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.11922%
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| Cusip: | 48132CFV0
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