New York, March 14 – JPMorgan Chase Financial Co. LLC priced $28.17 million of 0% dual directional buffered PLUS due Feb. 5, 2025 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 150% of the index return subject to a maximum return of par plus 21%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 15% buffer.
Investors will lose 1% 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. Morgan Stanley Wealth Management will act as distributor.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Dual directional buffered PLUS
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Underlying index: | S&P 500 index
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Amount: | $28,165,790
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Maturity: | Feb. 5, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index gains par plus 150% of index return subject to a maximum return of par plus 21%; par plus absolute value of index return if index declines but by no more than the 15% buffer; 1% loss for every 1% that index declines beyond buffer
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Upside leverage: | 150%
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Cap: | 21%
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Buffer: | 15%
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Call: | Non-callable
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Initial level: | 4,076.6
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Pricing date: | Jan. 31
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Settlement date: | Feb. 3
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Agent: | J.P. Morgan Securities LLC
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Distributor: | Morgan Stanley Wealth Management
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Fees: | 2.5% including a structuring fee of 0.5%
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Cusip: | 48133K526
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