New York, May 12 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% capped dual directional buffered equity notes due June 10, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus the index return up to a maximum gain of 20.5%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 25% buffer.
Investors will lose 1.33333% for every 1% that the index declines beyond the buffer.
The securities are non-callable.
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: | Capped dual directional buffered equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $3 million
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| Maturity: | June 10, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus index return capped at par plus 20.5%; par plus absolute value of index return if index declines but by no more than 25% buffer; 1.33333% loss for every 1% that index declines beyond the buffer
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| Call: | Non-callable
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| Initial level: | 4,146.87 on strike date of May 5
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| Cap: | 20.5%
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| Buffer: | 25%
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| Pricing date: | May 6
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| Settlement date: | May 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.42%
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| Cusip: | 48133FT70
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