New Issue: JPMorgan sells $1.72 million capped dual directional buffered equity notes on two indexes

By William Gullotti

Buffalo, N.Y., Feb. 17 – JPMorgan Chase Financial Co. LLC priced $1.72 million of 0% capped dual directional buffered equity notes due Feb. 17, 2023 linked to the performance of 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 least performing index’s return, subject to a maximum upside return of 17.4%.

If the worst performer falls by up to 10%, the payout will be par plus the absolute value of that index’s return. Otherwise, investors will lose 1% for every 1% that the worst performer declines beyond 10%.

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 indexes:	S&P 500 index, Russell 2000 index
Amount:	$1,724,000
Maturity:	Feb. 17, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above initial level, par plus least performing index’s return, subject to maximum upside return of 17.4%; if the worst performer declines up to 10%, par plus absolute value of that index’s return; otherwise, 1% loss for every 1% that the worst performer declines beyond 10%
Initial levels:	2,030.146 for Russell, 4,418.64 for S&P
Buffer level:	90% of initial levels
Pricing date:	Feb. 11
Settlement date:	Feb. 16
Agent:	J.P. Morgan Securities LLC
Fees:	0.69041%
Cusip:	48133CU42

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