By Taylor Fox
New York, March 19 – JPMorgan Chase Financial Co. LLC priced $4.17 million of 0% uncapped dual directional digital barrier notes due March 12, 2026 linked to the SPDR S&P 500 ETF trust, the iShares Russell 2000 ETF and the SPDR Dow Jones industrial average ETF trust, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If all of the funds finish at or above their initial levels, the payout at maturity will be par plus the greater of 40% and any gain in the least performing fund.
If the least performing fund falls by no more than 30% of its initial level, the payout at maturity will be par plus the absolute value of the return of that fund.
Otherwise, investors will lose 1% for each 1% decline of the least performing fund from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional digital barrier notes
|
| Underlying funds: | SPDR S&P 500 ETF trust, the iShares Russell 2000 ETF and the SPDR Dow Jones industrial average ETF trust
|
| Amount: | $4,170,000
|
| Maturity: | March 12, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all funds finish at or above initial levels, par plus greater of 40% and any gain in least performing fund; if least performing fund falls by no more than 30%; par plus absolute value of that fund’s return; otherwise, 1% loss for each 1% decline of least performing fund from its initial level
|
| Initial levels: | $381.72 for S&P, $218.74 for Russell and $318.25 for Dow
|
| Barrier levels: | $267.204 for S&P, $153.118 for Russell and $222.775 for Dow, 70% of initial levels
|
| Pricing date: | March 8
|
| Settlement date: | March 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132TCY0
|
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