Chicago, March 16 – JPMorgan Chase Financial Co. LLC priced $1.48 million of 0% capped dual directional buffered equity notes due March 13, 2025 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout will be par plus the ETF return capped at par plus 24%.
The payout will be par plus 100% of the absolute value of the ETF return if the ETF declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the ETF declines beyond the 20% buffer.
The securities are non-callable.
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.
|
| Issue: | Capped dual directional buffered equity notes
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $1,481,000
|
| Maturity: | March 13, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains par plus ETF return capped at par plus 24%; par plus 100% of absolute value of ETF return if ETF declines but by no more than 20% buffer; 1% loss for every 1% that ETF declines beyond the buffer
|
| Call: | Non-callable
|
| Initial level: | $385.91
|
| Cap: | 24%
|
| Buffer: | 20%
|
| Pricing date: | March 10
|
| Settlement date: | March 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6978%
|
| Cusip: | 48133UUN0
|
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