New York, June 30 – JPMorgan Chase Financial Co. LLC priced $2.07 million of 0% capped dual directional buffered return enhanced notes due Dec. 27, 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 105% of the index return, capped at par plus 18%.
The payout will be par plus the absolute value of the index return if the index declines by no more than 16.2%.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 16.2%.
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 index: | S&P 500 index
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| Amount: | $2,066,000
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| Maturity: | Dec. 27, 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 105% of index return, capped at par plus 18%; par plus absolute value of index return if index declines by no more than 16.2%; otherwise, 1% loss for every 1% that index declines beyond 16.2%
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| Initial level: | 4,348.33
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| Cap: | 18%
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| Buffer: | 16.2%
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48133XWE2
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