New York, March 11 – JPMorgan Chase Financial Co. LLC priced $9.15 million of 0% dual directional trigger participation securities due April 3, 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 at maturity will be par plus the return of the index, subject to a maximum return of par plus 12.35%.
Investors will receive par plus the absolute value of the index return if the index declines but ends at or above its 90% trigger and will lose 1% for every 1% that the index declines if it finishes below its trigger.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley 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 trigger participation securities
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| Underlying index: | S&P 500 index
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| Amount: | $9.15 million
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| Maturity: | April 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus index return, subject to a maximum return of par plus 12.35%; par plus absolute value of index return if index declines but ends at or above the 90% trigger; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial levels: | 5,096.27
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| Trigger level: | 4,586.643, 90% of initial level
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| Cap: | 12.35%
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| Pricing date: | Feb. 29
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| Settlement date: | March 5
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley
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| Fees: | 2.25%
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| Cusip: | 48134WQL4
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