By William Gullotti
Buffalo, N.Y., Oct. 3 – JPMorgan Chase Financial Co. LLC priced $1.72 million of 0% dual directional notes due Oct. 1, 2026 linked to the performance of the S&P 500 Daily Risk Control 5% Excess Return index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes flat or positive, the payout at maturity will be par plus 2.6 times the return.
If the index declines, investors will receive par plus the absolute value of the return.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Dual directional notes
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Underlying index: | S&P 500 Daily Risk Control 5% Excess Return index
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Amount: | $1,718,000
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Maturity: | Oct. 1, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 2.6 times the return; otherwise, par plus absolute value of index return
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Initial level: | 160.28
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Pricing date: | Sept. 26
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Settlement date: | Sept. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.8%
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Cusip: | 48134ARZ0
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