Chicago, Feb. 12 – JPMorgan Chase Financial Co. LLC priced $886,000 of uncapped dual directional buffered equity notes due May 3, 2024 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.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus the lesser performing underlying return if both underliers finish above their initial values.
If either index declines, but not more than 20%, investors will receive par plus the absolute value of the return of the lesser performing underlier.
Otherwise, investors will be exposed to the losses of the worst performer beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered equity notes
|
| Underliers: | Russell 2000 index and S&P 500 index
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| Amount: | $886,000
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| Maturity: | May 3, 2024
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| Price: | Par
|
| Payout at maturity: | Par plus worst performing underlier return if above initial level; par plus the absolute value of underlier return of lesser performing underlier if worst performer falls, but not more than 20%; otherwise exposure to losses of lesser performing index beyond 20%
|
| Initial levels: | 1,614.061 for Russell, 3,225.52 for S&P
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.43341%
|
| Cusip: | 48132HA93
|
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