Chicago, May 8 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional contingent buffered equity notes due May 14, 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 capped at par plus 12.15%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 20% contingent buffer.
Investors will lose 1% for every 1% that the index declines if it drops beyond the contingent 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional contingent buffered equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | May 14, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus index return capped at par plus 12.15%; par plus absolute value of index return if index declines but by no more than 20% contingent buffer; 1% loss for every 1% that index declines if it finishes below the contingent buffer
|
| Call: | Non-callable
|
| Initial level: | 4,135.35
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| Cap: | 12.15%
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| Contingent buffer: | 20%
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| Pricing date: | April 28
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| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133WLJ5
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