By Kiku Steinfeld
Chicago, Sept. 29 – JPMorgan Chase Financial Co. LLC priced $1.17 million of 0% uncapped dual directional contingent buffered return enhanced notes due Sept. 21, 2023 linked to the lesser performing of the SPDR S&P 500 ETF Trust, the Invesco QQQ Trust and the SPDR Dow Jones Industrial Average ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus 1.23 times the gain of the worse performing asset.
If the worse performing asset falls by up to 30%, the payout will be par plus the absolute value of its return.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional contingent buffered return enhanced notes
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| Underlying assets: | SPDR S&P 500 ETF Trust, Invesco QQQ Trust and SPDR Dow Jones Industrial Average ETF Trust
|
| Amount: | $1,174,000
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| Maturity: | Sept. 21, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes above its initial level, par plus 1.23 times the gain of the worse performing asset; if worse performing asset falls by up to contingent buffer level, par plus absolute value of its return; otherwise, 1% loss for each 1% decline of worse performing asset
|
| Initial levels: | $330.235 for S&P 500, $276.52 for Dow Jones, $266.87 for Invesco
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| Contingent buffer level: | 70% of initial levels
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| Pricing date: | Sept. 18
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| Settlement date: | Sept. 23
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132PBT0
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