New York, Nov. 14 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional buffered return enhanced notes due Dec. 29, 2023 linked to the Nasdaq-100 index, the S&P 500 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains, the payout will be par plus 200% of that asset’s return, capped at par plus 20%.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines by no more than 15%.
Otherwise, investors will lose 1% for every 1% that the worst performing asset declines beyond 15%.
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 return enhanced notes
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| Underlying assets: | Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF
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| Amount: | $1 million
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| Maturity: | Dec. 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset gains, par plus 200% of that asset return, capped at par plus 20%; par plus absolute value of worst performing asset return if worst performing asset declines by no more than 15%; otherwise, 1% loss for every 1% that worst performing asset declines beyond 15%
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| Initial levels: | 11,311.24 for Nasdaq-100, 3,693.23 for S&P 500, $132.98 for iShares Russell 2000 Value ETF
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| Cap: | 20%
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| Buffer: | 15%
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| Pricing date: | Sept. 23
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| Settlement date: | Sept. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48133NGK8
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