New York, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $1.4 million of 0% uncapped dual directional accelerated barrier notes due Nov. 3, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 112% of the return of the index.
The payout will be par plus the absolute value of the index return if the index declines but finishes at or above the 70% barrier.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
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: | Uncapped dual directional accelerated barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $1,395,000
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| Maturity: | Nov. 3, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 112% of index return; par plus absolute value of index return if index declines but finishes at or above 70% barrier; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial level: | 4,193.80
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| Upside leverage: | 112%
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| Barrier: | 2,935.66, 70% of initial level
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.67366%
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| Cusip: | 48134BCR2
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