By Wendy Van Sickle
Columbus, Ohio, April 7 – JPMorgan Chase Financial Co. LLC priced $5.29 million of 0% uncapped dual directional buffered return notes due April 4, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.11 times the gain of the worst performer if both assets finish positive.
If the worst performing asset falls but not beyond the 90% buffer level, the payout will be par plus the absolute value of the asset return for that asset.
Otherwise, investors will lose 1% for each 1% decline of the worst performing asset beyond the 10% buffer level.
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 buffered return notes
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Underlying assets: | S&P 500 index, Russell 2000 index
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Amount: | $5,287,000
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Maturity: | April 4, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.11 times asset gain of worst performer if all assets finish positive; if worst performing asset falls but is above buffer level, par plus the absolute value of return of that asset; otherwise, 1% loss for each 1% decline beyond buffer
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Initial asset levels: | 4,530.41 for S&P, 2,070.125 for Russell
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Buffer levels: | 90% of initial levels
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Pricing date: | March 31
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Settlement date: | April 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.93685%
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Cusip: | 48133D6U9
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