By Taylor Fox
New York, Nov. 23 – JPMorgan Chase Financial Co. LLC priced $1.3 million of 0% capped dual directional contingent buffered equity notes due May 21, 2024 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a maximum upside return of par plus 49%.
If the final level of the lesser-performing is flat or falls by up to 30%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of any index is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
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: | Capped dual directional contingent buffered equity notes
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index and Russell 2000
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| Amount: | $1,300,000
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| Maturity: | May 21, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus lesser-performing index’s return, subject to maximum upside return of par plus 49%; if final level of lesser-performing index is equal to initial level or is less than initial level by up to 30%, par plus absolute value of lesser-performing index’s return; otherwise, 1% loss for every 1% that lesser-performing index declines from its initial level
|
| Initial levels: | 1,785.336 for Russell 2000, 3,626.91 for S&P and 12,013.38 for Nasdaq
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| Buffer levels: | 70% of initial levels
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| Pricing date: | Nov. 16
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| Settlement date: | Nov. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.5%
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| Cusip: | 48132PZW7
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