By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – JPMorgan Chase Financial Co. LLC priced $5.05 million of 0% uncapped dual directional contingent buffered return enhanced notes due Jan. 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the greater of 51.3% and the index return.
If the final index level is equal to the initial index level or is less than the initial index level by up to 30%, the payout will be par plus the absolute value of the index return.
If the index declines by more than 30%, investors will lose 1% for every 1% that the final index level is below the initial index level.
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 contingent buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $5.05 million
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| Maturity: | Jan. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus greater of 51.3% and index return; if final index level is equal to initial index level or is less than initial index level by up to 30%, par plus absolute value of index return; if index declines by more than 30%, 1% loss for every 1% that final index level is below initial index level
|
| Initial index level: | 2,485.74
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| Pricing date: | Dec. 31
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| Settlement date: | Jan. 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48130WPM7
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