New York, Nov. 28 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped dual directional buffered return enhanced notes due Feb. 23, 2024 linked to the class A common stock of Chewy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains, the payout will be par plus 200% of the stock return, capped at par plus 11.25%.
The payout will be par plus the absolute value of the stock return if the stock declines by no more than 15%.
Otherwise, investors will lose 1% for every 1% that the stock declines beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Capped dual directional buffered return enhanced notes
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| Underlying stock: | Chewy, Inc.
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| Amount: | $2 million
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| Maturity: | Feb. 23, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains, par plus 200% of stock return, capped at par plus 11.25%; par plus absolute value of stock return if stock declines by no more than 15%; otherwise, 1% loss for every 1% that stock declines beyond 15%
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| Initial level: | $20.58
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| Upside leverage: | 200%
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| Cap: | 11.25%
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| Buffer: | 15%
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| Pricing date: | Nov. 20
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| Settlement date: | Nov. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48134RPU6
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