By Kiku Steinfeld
Chicago, Sept. 30 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% capped dual directional buffered equity notes due March 6, 2023 linked to the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus the worst performing index return capped at par plus 15.95%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 10% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the 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.
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| Issue: | Capped dual directional buffered equity notes
|
| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $250,000
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| Maturity: | March 6, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus worst performing index return capped at par plus 15.95%; par plus absolute value of worst performing index return if worst performing index declines but by no more than 10% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
|
| Call: | Non-callable
|
| Initial levels: | 15,019.68 for Nasdaq, 2,050.740 for Russell
|
| Cap: | 15.95%
|
| Buffer: | 10%
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48133C5B4
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